403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Consumer spending in Saudi Arabia grows in July
(MENAFN) Consumer spending in KSA enhanced in July, as POS transactions and ATM withdraws; both recorded their best annual increase rates in almost nine months.
Recently, credit to the private sector continued to fall, indicating sluggish private sector economic activity.
Furthermore, the government has raised another SR13bn in August this year amid a domestic Islamic bond sale in order to fund its budget deficit.
In addition, the kingdom's financial position enhanced more in Q2 this year, helped by higher oil revenue and reduces in spending.
Recently, credit to the private sector continued to fall, indicating sluggish private sector economic activity.
Furthermore, the government has raised another SR13bn in August this year amid a domestic Islamic bond sale in order to fund its budget deficit.
In addition, the kingdom's financial position enhanced more in Q2 this year, helped by higher oil revenue and reduces in spending.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment