Hedge Funds & Alternative Investments
Sovereign wealth
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Saudi Arabia is trying to borrow billions from banks
Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would be the first significant foreign borrowing by the kingdom’s government for over a decade. Riyadh has asked lenders to submit proposals to extend it a five-year…
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Click here to read the full story: Daily News