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FinancialNews


  • 08-10-13

    Saudi oil export earnings to reach USD48 b

    (MENAFN) Jadwa Investment reported that the prices decline in oil and gas in Saudi Arabia is expected to cause a drop in earnings of oil exports by USD48 billion in 2013, according to Saudi Gazette. Although the Kingdoms income has shrunk, its nominal GDP is expected to increase by about USD36 billion by 2014. A study by Jadwa showed that the Kingdoms earnings of oil export is expected to see a giant fall to USD289.4 billion this year, down from its highest record of USD337.4 billion last year.

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