Saudi credit default swaps fall on oil price recoveryThe cost of insuring against a Saudi Arabian sovereign debt default has dropped sharply in the past few days because of the rebound of global oil prices, market data showed on Sunday. Last Monday, five-year Saudi credit default sw More… |
Saudi credit situation 'to stay tight'Saudi firms' access to credit will not improve during the second half of this year despite a recent surge in the price of oil, the kingdom's economic mainstay, a survey showed. "Businesses know that Saudi Arabia's fiscal position is health More… |