Middle East Economic Survey
VOL. LII
No 19
11-May-2009
SAUDI ARABIA
Saudi Banking System Will Face Funding Challenges, NBC Warns
While Saudi Arabias inflation reached a record of 11.1% year-on-year (y-o-y) in July 2008, the Saudi economy in general and the monetary system in specific had been well sheltered from the onslaught that ensued on a global scale, according to the Monetary Developments and Rising Funding Challenges report published by the National Commercial Bank (NCB).The causes of...
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