Saudi Arabia and the world
Monday, Mar 20, 2023
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HSBC raises $2bn in additional Tier 1 bond
HSBC Holdings said on Wednesday it raised $2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond.
In a filing to the Hong Kong Stock Exchange, HSBC said the perpetual bond's coupon had been set at 8 percent.
Prospective investors had been told at the deal's launch on Tuesday that the initial price guidance for the coupon was 8.5 percent. The final rates fluctuate based on demand from investors.
Reuters reported on Tuesday HSBC had aimed to raise up to $1.5 billion in the transaction, but the final size was set higher than its initial target.
HSBC said in a sale memo that it intends to use the cash raised for refinancing some debt, general corporate purposes and strengthening its capital base.
Prince Abdulaziz chairs 46th session of Council of Arab Ministers of Youth and Sports
Minister of Sports Prince Abdulaziz Bin Turki Al-Faisal chaired the 46th session of the Council of Arab Ministers of Youth and Sports in Jeddah Sunday. Arab ministers of youth a...
CMA chief: Conference stresses Kingdom’s importance as new financial services hub
Chairman of Capital Markets Authority (CMA) has stressed that the Financial Sector Conference held in Riyadh on March 15 and 16 as an international regional platform, reflects t...
Riyadh public transport buses begin operation, with ticket charges set at SR4
The Royal Commission for Riyadh City announced on Sunday the launch of the operation of the first phase of the Riyadh Buses service within the King Abdulaziz Public Transport Pr...
50% Saudization in optical sector comes into force
The Ministry of Human Resources and Social Development (MHRSD) announced the start of implementing the decision to Saudize the optical sector effective from Saturday, March 18 i...
Commerce Ministry: Plentiful stock of foodstuffs for Ramadan; field inspections of markets to continue
The Ministry of Commerce confirmed on Sunday that there is an extremely plentiful stock of foodstuffs, especially essential commodities, available in the local markets and sales...
Al-Rajhi: Saudi Youth Development Strategy to be announced in 2023
Minister of Human Resources and Social Development Ahmed Al-Rajhi said that the ministry has finished formulating Saudi Arabia’s Youth Development Strategy. “I look forward to a...
Saudi Arabia ranks 4th globally in digital systems preparedness: Report
Saudi Arabia has ranked second among the G20 members and fourth globally in the preparedness of digital systems, according to a report released today by the International Teleco...
SSC astronauts to carry out 11 pioneering scientific research experiments in microgravity
The Saudi Space Commission (SSC) has revealed the tasks and scientific research that will be conducted during the journey of the Saudis, as part of the crew of the space mission...
Tadawul's market value reached $2.6 trillion by 2022 end
The Saudi Stock Exchange (Tadawul) market value has increased by 476.5% to reach SR9.9 trillion ($2.6 trillion) by the end of 2022 during the past five years, a senior official ...
SFD CEO receives head of Iraqi National Investment Commission
The CEO of the Saudi Fund for Development (SFD), Sultan Bin Abdulrahman Al-Marshad received an Iraqi delegation Sunday in Riyadh, led by the Chairman of the National Investment ...
Year of Arabic Poetry 2023 activated at Third Formula 1 event
The Ministry of Culture has launched the Year of Arabic Poetry 2023 initiative by setting up an interactive pavilion at the Formula 1 stc Saudi Arabian Grand Prix from March 17 ...
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Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
A Mississippian man, who was once considered a “ticking time bomb,” has lost a whopping 165 kilograms! What motivated this incredible transformation?
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Watch: “They are wounded but unbowed, unbreakable.”
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Saudi Arabia To Introduce Yoga In Universities
Middle East real estate market to see strong growth in 2023, predicts CBRE.
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Saudi Aramco, the energy giant, has acquired Valvoline Inc., a US-based oil company, for $2.65 billion
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
When it comes to Tesla vs Lamborghini, an empty vessel makes more noise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
North Korea test-fires an intercontinental ballistic missile into the Sea of Japan west of Hokkaido
Tucker Carlson called Trump a 'demonic force'
US bombed Nord Stream gas pipelines, claims investigative journalist Seymour Hersh
Sheikh Jassim Bin Hamad Al Thani bid in for 100% of Manchester United
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.