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...
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