Saudi to borrow
RIYADH: Saudi Arabia will take a $10 billion loan from foreign banks to help close the gap in its state finances from collapsed oil revenues, Bloomberg News reported on Wednesday. Citing three people with knowledge of the matter, Bloomberg said it would be the first sovereign loan in at least 15 years to the kingdom, the world’s biggest oil exporter. The five-year loan is expected to be signed by the end of this month, said Bloomberg’s sources, who asked not to be identified as the information is private.