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Saudi economy vibrant in the midst of sustained spending

Posted on 24 July 2012

People in Saudi Arabia are feeling less threatened by economic worries in the West. While data on personal savings is unavailable, overall deposits in the Kingdom’s banking system have been rising over the past year, leaving banks with more money than they know what to do with.
The figures for Saudi Arabia indicate that consumers are more confident than it would first appear, Said Paul Gamble, chief economist and head of research at the local Jadwa Investments………………………………………..Full Article: Source

 
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