(MENAFN- Qatar News Agency) Saudi Arabia is poised to post a budget surplus of SR266 billion in the current year (2013), and it will continue to have surplus budgets in the years to come so long as oil price remains above $100 per barrel, a financial expert has said.
In an interview to Al-Eqtisadayah, Khalid Jamal, the CEO of EFG-Hermes (Saudi Arabia), said oil prices are expected to hover around $110 per barrel till the end of this year
But he acknowledged that some negative impact was possible post-2013 if the US reviewed its current quantitative easing policy
He also ruled out major risks to the Gulf region from the shale oil and gas boom in the US, at least for the next 10-15 years.
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