Reuters Bankers are expecting to be notified soon about the line up to lead Saudi Arabia’s debut international bond transaction after pitches took place in Riyadh. The Kingdom is likely to hire from the list of banks that underwrote a US$10bn loan in May, which was coordinated by JP Morgan, HSBC and Bank of Tokyo-Mitsubishi, though a number of …

Reuters Importers in Iran have bought at least 250,000 tonnes of Brazilian raw sugar in the first purchases since international sanctions were lifted on Tehran in January, trade sources said. One source said the purchases were between 250,000 and 300,000 tonnes for May to June shipment, while another said the quantity was probably bigger than that. “Buyers in Iran have …

  Manama / Tribune news service Old and outdated systems running the oil and gas sector in the Gulf are vulnerable to cyber attacks, according to a security expert. Hackers keep exploiting this weakness which is reflected in the sharp rise in the number of attempts reported by a global cyber security watchdog monitoring the situation. “The underlying technology that …