Saudi Arabia’s credit default swaps (CDS) have hit a six-month high as its renewed conflict with Yemen disrupts economic activity, although recovering oil exports are helping to soothe investor concerns over its creditworthiness.
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Markets dislike surprises, and the first half of October brought plenty. Between Oct. 6 and Oct. 12, Houthi missiles and drones struck three Saudi airports, including King Khalid International in Riyadh, the home base of Riyadh Air.
Saudi Arabia’s Ambassador to the US Princess Reema bint Bandar has called on the international community to designate Yemen’s Houthis as a terrorist organization, warning that the Iran-backed militia poses a growing threat to regional security, global trade…
Saudi Awwal Bank has signed a memorandum of understanding with Playbook to advance collaboration in women’s entrepreneurship, knowledge sharing and financial services innovation.
