Saudi soothes markets as Gulf liquidity woes mount

The Saudi Arabian Monetary Agency on Thursday became the third central bank in the Gulf this week to counter money-market fears of a liquidity shortage.

Hamad Saud Al-Sayari, the governor of the central bank, told reporters that the country's banks had liquidity and were taking additional deposits. Al-Sayari also said that the authority would provide liquidity if "needs from banks arise."

The governor's comments come as the Central Bank of the United Arab Emirates announced details of how it

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