Financial and Banking News
Budgets & Revenues
Huge Increase in Saudi Trade Surplus
Saudi Arabia's trade surplus more than doubled in 1990 to reach SR76.2bn($20.3bn), according to figures carried by the official Saudi Press Agency(SPA). The agency's report did not give a detailed breakdown of the figures, butit is assumed that the increased surplus is a result of higher oil prices andexport sales in the second half of the year. The value of imports, which dropped...