NO. 45


Financial and Banking News

Barclays Expect Saudi Economy To Grow In 1995

A report by economists at the British clearing bank Barclays predicts GDPgrowth in Saudi Arabia this year of 1.5% and says that as long as oil pricesremain stable, i.e. above the average anticipated in the Saudi budget, thengrowth of more than 2% may be expected in 1996. The report, quoted in the Arabiclanguage daily al-Hayat on 1 August, also estimates that the Saudi economyshrank by...