Sunday 5 May 2024
 
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Saudi credit

Saudi credit default swaps fall on oil price recovery

The 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

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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

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