Financial and Banking News
BUDGETS ADD REVENUES
Saudi Trade Surplus Doubled in 1Q 1988
Saudi Arabia has announced a trade surplus of SR2.6bn ($693mn) in the firstquarter of 1988, up 116.7% from SR1.2mn ($320mn) in the corresponding period of1987. According to foreign trade statistics published by the Saudi Ministry ofFinance and National Economy, total exports rose 24.7% to SR22.2bn in 1Q 1988from SR17.8bn in 1Q 87, while total imports rose 18.1% to SR19.6bn in 1Q...