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Translated regional report

Consequences of the war against Iran; Saudi Arabia seeking to secure a new $8…

Automated translation and editorial curation by Middle East CatchSite publication

Original report: Mehr News AgencyOriginal publication Editorial policy

Mehr News Agency

Consequences of the war against Iran; Saudi Arabia seeking to secure a new $8 billion loan 🔺Bloomberg reported that Saudi Arabia is in the early stages of negotiations to obtain at least $8 billion in new loans; a move prompted by the economic repercussions of the war with Iran and simultaneously in line with Riyadh's efforts to diversify its funding sources. 🔺According to knowledgeable sources who wished to remain anonymous, the Saudi National Debt Management Center has begun examining the possibility of concluding this contract with banks. 🔺Some of these sources stated that the state oil company Aramco has also initiated similar negotiations with banks.

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