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Saudi bank deposits hit highest level

  DUBAI / Reuters Saudi Arabian commercial bank deposits rose to their highest level this year in November, a sign that a liquidity crunch due to low oil prices is easing as the government liquidates foreign assets to pay its bills, official data showed on Wednesday. Bank deposits climbed to 1.624 trillion riyals ($433 billion) from 1.610 trillion riyals in ...

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National Bank of Oman gets offer to buy stake

  DUBAI / Reuters National Bank of Oman (NBO) said on Thursday it had received a letter from Treasure Fleet International proposing to buy a stake in Oman’s third biggest lender. NBO will review the proposal; no legally binding commitments have been made and any deal would be subject to approval by shareholders and regulators, it said in a bourse ...

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Dollar slips to two-week low

  Bloomberg The dollar dropped to a two-week low against the yen as traders pushed it through stops in thin trading amid a slide in Treasury yields. The greenback weakened against all its major peers on Thursday, with leveraged funds shorting the dollar against the yen as the currency pair continued a pull back from a 10-month high. Bloomberg’s dollar ...

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