Bloomberg Saudi authorities plan to keep selling local bonds every month as they seek to finance the bud- get deficit and deepen a nascent debt market, according to the official overseeing the kingdom’s borrowing strategy. Fahad Al-Saif, head of the debt management office at the Ministry of Finance, said local issuance makes up about 65 percent of the kingdom’s sales ...

Bloomberg Ghana is extending the issuance of non-sovereign bonds that the country needs for settling the legacy debts of state-owned energy utilities after demand for the securities fell short of the 6 billion cedi ($1.4 billion) target. While the West African nation allocated 2.4 billion cedis in seven-year bonds at 19 percent after receiving 2.5 billion cedis in bids, it ...

RIYADH / Reuters Saudi petrochemicals firms should merge to boost their competitiveness and look to expand abroad, the head of major industry player SABIC told Reuters on Monday. The firms have enjoyed decades of cheap feedstock prices. But Saudi authorities began slashing subsidies in 2016, as a collapse in oil prices cut into state finances, prompting a search for efficiencies ...