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...
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