Saudi Arabia is seeing "intense interest" in its first international bond sale of $15 billion and is considering further issuances given the current appetite, according to a report today in the Financial Times.
According to the Saudi Gazette, the CMA has laid out the specific time-frame and requirements for all companies listed on the Tadawul to disclose their adoption of International Financial Reporting Standards. The deadline is January 1, 2017.
Saudi Arabia's has confirmed it was working with German investigators to track Islamist militants behind bomb and axe attacks in July. The news was originally reported by the German outlet Der Spiegel and confirmed in rare comments by a Saudi spokesman.
Four people were killed and three wounded in Saudi Arabia when a shell fired from inside Yemen exploded in a town close to the border. The announcement followed news that seven Saudi soldiers and dozens of Houthi fighters were killed in heavy fighting on the border with Yemen on Sunday.