Middle East Economic Survey
2009 Saudi Trade Surplus Lowest Since 2004, Jadwa Confirms
Saudi Arabia had a trade surplus of $107.4bn in 2009, the lowest figure since 2004, newly released data has shown. This was not a surprise given lower oil prices and production, Jadwa Investment said in a recent report, though it noted that the oil export figure at $162.6bn was higher than the previous projection of $157.4bn. It was still far below the 2008 figure of...
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