VOL. XXXIX

No. 47

19-August-1996

SAUDI ARABIA

Saudi Finance Minister Sees 6.2% GDP Growth In 1996

In remarks carried by the official Saudi Press Agency on 14 August, the Saudi Minister of Finance and National Economy, Mr. Ibrahim 'Abd al-'Aziz al-'Assaf, said that economic indicators are pointing towards strong growth in the Kingdom's gross domestic product (GDP) in 1996. The minister said that the deficit on the current account of the balance of payments narrowed to $500mn in the first...