Saudi Arabia

Bachir Gemayel Documentary

Saudi Bank Squeeze Eases as Saibor Tumbles the Most Since 2009

The worst cash squeeze at Saudi Arabian banks since the financial crisis is easing. A key interest rate used to price loans in the kingdom dropped on Sunday by the most in more than seven years, a sign that government measures to alleviate a liquidity shortage are working. The three-month Saudi Interbank Offered Rate declined 2.2 basis points, after retreating last week for the first time since July.