Daily Archives: November 5, 2006

Kingdom Heading Toward Eighth Budget Surplus

RIYADH – Saudi Arabia is on track to run its eighth current account surplus in a row and the largest in its history at SR428.2 billion ($1141 billion), said a study conducted by Samba Financial Group obtained by Arab News yesterday. The Kingdom will earn a SR761 billion ($202.9 billion) in oil exports earnings this year, an all-time record, representing a 25-percent increase in oil earnings compared to last year.

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