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Saudi economy on solid footing - IMF

Posted on 20 August 2009

From Tradearabia.com: Saudi Arabia’s economy remains solid and its banks have weathered the global crisis, the IMF said in a report and also commended the world’s leading oil exporter for helping stabilise oil prices.

“The outlook remains broadly positive” despite a projected one percent contraction in GDP this year due to lower oil production, the International Monetary Fund report was quoted as saying in our sister newspaper Gulf Daily News………..Full Article: Source

 
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