Stable outlook for Saudi banks, says Moody’s

The outlook for the Saudi banking system is stable, reflecting its resilience and strong financial fundamentals despite the continued challenging operating conditions, Moody's Investors Service said in its annual banking outlook on

World stocks near 5 month high

World stocks hit their highest level in nearly five months on Monday while oil prices rose as growing corporate merger activity and last week's upbeat U.S. economic data encouraged investors to buy

IMF on Greece’s return to markets

"We expect that Greece may return to markets within the next 12 to 18 months", Caroline Atkinson, the IMF's Foreign Relations director said on Thursday. Speaking to reporters, Atkinson noted that the