Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

SAUDI ARABIA

Saudi Economic Fundamentals Positive Despite Regional Turmoil, Says Samba

Economic fundamentals in Saudi Arabia remain positive although political upheaval in North Africa, Bahrain and Yemen has rattled domestic financial markets, said Samba in its February 2011 Economic Monitor. Preliminary figures released by the Ministry of Finance show that the Saudi economy grew by 3.8% in real terms in 2010, up from 0.6% in 2009. The...