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Saudi cbank rules out foreign assets sale

Posted on 18 May 2009

From Tradearabia.com: Saudi Arabia’s central bank governor said on Sunday the world’s top oil exporter was not selling foreign assets and expected good growth in non-oil sectors this year.

‘No we are not,’ Muhammad Al-Jasser told reporters when asked if Saudi Arabia was selling foreign assets. He added that Saudi Arabia was tapping its reserves to expand its budget as it faces a period of lower oil prices……..Full Article: Source

 
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