Regulation, Risk & Compliance
Retail Banking
Uncategorized
Coronavirus: Saudi Arabia forced to boost borrowing as oil glut slams virus-hit economy
Saudi Arabia could be forced to borrow around $26bn more this year and will draw down up to $32bn from its reserves to finance a government deficit caused by lower oil prices and the coronavirus crisis, the Saudi finance minister has said. Riyadh will also look to lower spending further,…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Middle East Eye