VOL. XXXVI

NO. 38

21-JUNE-1993

Financial and Banking News

BUDGETS AND REVENUES

Gulf Crisis Was Catalyst To Restart Saudi Economic Growth, SAMA ReportShows

The latest Annual Report from the Saudi Arabian Monetary Agency (SAMA)presents a generally upbeat assessment of the Saudi economy's response to theGulf War, pointing out in particular that there was a strong increase in privatesector confidence in the post-war period. Sharply increased oil revenuesbrought an end to the era of sluggish or negative...