17.06.2009 - Saudi C.bank moves to boost lending, bank worries mount
From Aawsat.com: Saudi Arabia's central bank sought to boost lending on Tuesday by halving the rate it pays to commercial banks for deposits, after concerns mounted about their exposure to two troubled Saudi conglomerates. The problems at Saad Group and Ahmad Hamad al-Gosaibi & Bros Co (AHAB) highlight growing risks for the Gulf region, which has been battered by the financial crisis despite its energy exports and its savings stored in sovereign funds........Full Article: Source