Middle East Economic Survey

VOL. LIV

No 17

25-Apr-2011

SAUDI ARABIA

BSF Business Confidence Index Rises, Oil Price Expected To Remain Above $100/B

Global oil prices are forecast to continue trading above $100/B for the next two quarters, boding well for a potential upturn in the Saudi Arabian economy as a direct consequence of knock-on benefits for sales and profits of businesses currently operating in the kingdom, according to the Banque Saudi Fransi (BSF) 2Q Business Confidence Survey. Of...