Financial Services Industry
Industry: Email Alert RSS FeedTime for trade talks. (growth of international trade in Saudi Arabia)
Banker, The, April, 1997
The growth of international trade in Saudi Arabia's non-oil sector has created a demand for support financing services such as insurance against the delayed payment of international debts or the creation of a body to develop mechanisms needed for trade. However, the Saudi Arabian Monetary Agency (SAMA) has yet to heed these demands while commercial banks' have not offered such services since most take their cue from the SAMA.
As Saudi attempts to build on the recent growth of trade, the banks are feeling too constrained to provide adequate mechanisms to support the increase in international trade
The fastest growing market in Saudi Arabia's buoyant non-oil private sector is international trade. The boost to private sector confidence is mainly due to higher oil...
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