28.10.2009 - Saudi debt woes not to deter investment flows into Mideast
From Arabnews.com: Foreign investors are still keen to invest in the Middle East, despite a debt implosion at two Saudi firms that may cost lenders as much as $22 billion, executives at a Reuters summit said on Monday. The debt debacle at Saudi conglomerates Ahmad Hamad Algosaibi & Bros and Saad Group is the biggest financial scandal to hit the Middle East, leaving foreign and local banks facing massive debt exposure..........................Full Article: Source
Print