25.10.2011 - Saudi: Project bonds could open new opportunities
Finance Minister Ibrahim Al-Assaf has said that the Kingdom will not need to tap into its reserves this year to finance additional budget spending. However, he said Saudi Arabia is considering whether to issue Islamic or conventional bonds to help fund specific projects. He pointed out that robust oil prices had helped to fill state coffers. "We have higher expenditure than projected, but we have higher revenues than projected," Reuters quoted Al-Assaf as saying in Abu Dhabi.............................................Full Article: Source
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