NO. 8


Financial and Banking News

Budgets & Revenues

Saudi Trade Surplus Soars in Q2

Saudi Arabia has announced a trade surplus of SR3.4bn ($909mn) during thesecond quarter of 1989, compared with a $500mn trade deficit during thecorresponding period of 1988, according to foreign trade statistics published bythe Ministry of Finance and National Economy. The value of total Q2 exports rose10.9%, to SR23.4bn from SR21.1bn the year before, while imports fell 7.4% invalue...