Middle East Economic Survey

VOL. LIII

No 21

24-May-2010

SAUDI ARABIA

Saudi Business Not Exposed To Greek Crisis, Says BSF

Saudi Arabia is on the whole well-insulated from European contagion and direct exposure to Greece of Saudi businesses is not large, according to Banque Saudi Fransi (BSF). In a report published on 10 May, the bank warns that if the European crisis spreads into Spain, Portugal and Italy, Saudi exposure would widen, although not in a threatening way. It adds that the Gulf will...