Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

SAUDI ARABIA

Saudi Arabias Medium Term Outlook Remains Weak, RC Says

With global oil prices proving volatile in recent months, owing to a range of short term forces including the drop in Libyan crude exports and OPECs response to it the medium term outlook for the Saudi economy remains weak, Riyad Capital (RC) says in its latest Monthly Economic Report. After hitting a 32-month peak of $109.50/B in April, oil prices fell to reach a...