28.08.2012 - Saudi import financing jumps
Saudi Arabian import financing posted a record first half as economic growth in the world’s biggest oil exporter spurs demand for goods including building materials and cars. The value of letters of credit signed by lenders in the largest Arab economy surged 24 per cent in the first six months of 2012 to 107 billion riyals (Dh106.5 billion), the most on record for the period, according to the most recent central bank data. That compares with 10 per cent growth in the same period last year...............................................Full Article: Source
Print