UPDATE 1-Saudi bonds outpace most Gulf sovereigns after VAT hike
Saudi government bonds rallied
more than most other Gulf sovereigns on Monday in response to
austerity measures announced by the country’s finance minister,
including a tripling of the value-added tax rate.
more than most other Gulf sovereigns on Monday in response to
austerity measures announced by the country’s finance minister,
including a tripling of the value-added tax rate.
Posted by Reuters
