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DUBAI: Saudi Arabia’s Crown Prince Mohammed bin Salman has just started an oil price war. Winning it will come at a cost he might not be ready to pay for long.
DUBAI: Investors are starting to tune out the noise of the billions of dollars that flowed into Saudi bonds and stocks in the first half of the year after the kingdom’s upgrade to emerging-market status.
DUBAI: Saudi Aramco, the world’s largest oil company, has received $75 billion in orders for its debut bond sale, kickstarting an offering with yields likely to fall in line or below Saudi Arabia’s sovereign debt.
DUBAI/LONDON (Reuters) - Investors hope the sweeping anti-graft probe ensnaring some of Saudi Arabia's top politicians and businessmen is a sign of reform but those holding its bonds worry about instability.
DUBAI: Stocks just chalked up their longest rally since 2014, default risk is tumbling and the cash squeeze in the nation’s banking system is suddenly dissipating.