Saudi National Bank chair resigns after Credit Suisse meltdown
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Saudi National Bank chair resigns after Credit Suisse meltdown

ByNews Polite

The boss of the Saudi National Bank abruptly resigned from his post Monday, just days after his critical comments about Credit Suisse sparked an industrywide panic that resulted in a forced rescue of the troubled lender by rival UBS. Saudi National Bank Chairman Ammar Al Khudairy is stepping down “due…

China brokers diplomatic deal between Saudi Arabia and Iran
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China brokers diplomatic deal between Saudi Arabia and Iran

ByNews Polite

Iran and Saudi Arabia agreed on Friday to re-establish diplomatic relations in a deal brokered by China, following four days of secret talks in Beijing. Diplomats from Iran and Saudi Arabia agreed to re-open embassies within the next two months, according to a statement. “The agreement includes their affirmation of…