Saudi Arabia faces liquidity crunch even as oil exports rebound to pre-war levels
Saudi Arabia faces liquidity crunch even as oil exports rebound to pre-war levels Saudi Arabia is feeling the pinch of a liquidity crisis as bank deposits slow and the economy comes under pressure from the US-Israeli war on Iran, a new report from Bank of America says. In a note to clients, Bank of America said Saudi Arabia is grappling with “contagion” caused by liquidity tightness in the UAE and a rapid slowdown in the kingdom’s own economy, according to an article published on Bloomberg on…
