Middle East Economic Survey

VOL. LIII

No 32

9-Aug-2010

SAUDI ARABIA

Latest SAMA Data Shows Strengthening Economy, Says BSF

Saudi Arabias broad money supply (M3) growth accelerated in June for the first time in nine months, signaling that lending is taking hold and that the economy is gaining strength, said Banque Saudi Fransi (BSF). Referring to the latest data released by the Saudi Arabian Monetary Agency (SAMA), BSF said that stronger money supply and credit growth were supported by robust...