A virtual G20 summit “” but it offered genuine reassurance – Arab News

A virtual G20 summit “” but it offered genuine reassurance – Arab News

A virtual G20 summit - but it offered genuine reassurance /node/1648581/business-economy. Sign of the times: World leaders take part in a virtual G20 summit called by Saudi Arabia to discuss the coronavirus crisis.. Saudi Arabia, host of this year's G20 Summit, called the event on short notice as the COVID-19 crisis threatens the global economy. Given that the virtual summit was organized by Saudi Arabia, some geopoliticians had hoped that the leaders would also be able to agree an energy policy for the world at a time of acute stress in oil and gas markets.. The world wanted reassurance and unity from the G20 leaders.. Saudi Arabia raises more than SR15bn in bond sale /node/1648691/business-economy. JEDDAH: Saudi Arabia has sold more than SR15 billion in Islamic bonds, as the Kingdom seeks to develop its local debt market.. The total amount raised by the sukuk sale was SR15.568 billion, divided into three tranches that mature in five, 10 and 30 years.. Gulf oil exporters are increasingly turning to debt sales to help fund spending in a low oil price environment while at the same time developing their own capital markets as part of ongoing diversification reforms..