Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

BUDGETS AND REVENUES

Saudi Economy Set For Record 2004, Says Samba

The Saudi economy is set to enjoy a record-breaking year in 2004 as the kingdom reaps the benefits of high oil prices and production, according to Sambas mid-year report The Saudi Economy at Mid-Year 2004. According to the report, the price for Saudi crude has averaged $32/B so far this year, and Samba estimates that it will average $31.50/B for the whole year. Meanwhile,...