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2017-10-16 11:45:00

SAUDI'S BANKS ARE BETTER

SAUDI'S BANKS ARE BETTER

FITCH - Liquidity for Saudi Arabian banks has improved significantly since last year but the slowdown in the economy is likely to lead to a rise in non-performing loans (NPLs).

Most of the public-sector deposits that were drained from the banking system in 2016 in response to falling oil prices have since returned and the state has cleared the vast majority of its overdue payments to contractors. Most banks had liquidity coverage ratios above 200% at end-1H17, which we view as strong. Funding costs, which spiked during the 2016 tightening,…

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Tags: SAUDI, BANK,

Chronicle:

SAUDI'S BANKS ARE BETTER
2019, April, 22, 08:20:00

AZERBAIJAN OIL PLATFORM $6 BLN

BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.

SAUDI'S BANKS ARE BETTER
2019, April, 22, 08:15:00

CONOCO SELLS BRITAIN $2.67 BLN

ConocoPhillips's gas-focused North Sea assets pumped 72,000 b/d of oil equivalent last year, and the acquisition will help boost Chrysaor's total production this year to over 185,000 boe/d, Chrysaor said in a statement.

SAUDI'S BANKS ARE BETTER
2019, April, 22, 08:10:00

BRITAIN'S RENEWABLE 33%

Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation.

SAUDI'S BANKS ARE BETTER
2019, April, 22, 08:05:00

TURKEY, GERMANY RENEWABLE

To further explore opportunities for bilateral energy expansion, Turkish Energy and Natural Resources Minister Fatih Dönmez and German Federal Minister for Economic Affairs and Energy Peter Altmaier met in Ankara for the second Turkish-German Energy Forum in October last year to sign a letter of intent to enhance the Turkish-German energy partnership.

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