Middle East Economic Survey

VOL. LIII

No 4

25-Jan-2010

SAUDI ARABIA

Saudi Economy Resilient But Credit Conditions Impacted By Global Recession, Says Jadwa

The Saudi economy has proved resilient to the global recession, but credit conditions in the Kingdom have been impacted more than expected by the global financial crisis, according to Jadwa Investment. The government built up a huge stock of foreign reserves during the very high oil prices of the previous few years and embarked on a major...