VOL. XLIV

No 44

29-October-2001

SAUDI ARABIA

SAMBA Sees Saudi Economy Weakening In 2002

Saudi AmericanBank (SAMBA) forecasts that in 2002 the impact on the Saudi economy following11 September will stem from four main areas oil revenues, asset value, inwardinvestment flows and interest/exchange rates and says the year will witnessweaker economic performance, primarily due to a decline in oil revenues. However,in its report issued by bank chief economist Brad Bourland on 7 October, SAMBAnotes...