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Email this article: Saudi economy is robust despite equity correction
Posted: Sun May 6, 2007 12:00 am
SAUDI ARABIA. A correction in the stock market failed to have a major impact on Saudi Arabia's economic performance last year. A report by the Kuwait-based Global Investment House (Global) on Saudi Arabia's economic and strategic outlook, said that the Kingdom's economy was in fact exceptionally sound and robust in 2006.
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UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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