Saudi Arabia sees a squeeze in liquidity as oil prices remain low
Demand for deposits dropped 4.7%, or about $13.5 billion, in Saudi Arabia over the course of October, forcing banks to borrow more from each other. The rate at which banks in Saudi Arabia lend overnight to each other jumped the most in seven years in November, the fifth straight month of increases, following the lower deposits in October, according to information from Bloomberg.

"The drop in deposits in October, in absolute amount, is probably the biggest since the 1990s," Mu...

Legal Notice