“Saudi Arabia's economy will grow by 1.9 percent by the end of this year, if all indicators remain unchanged”, predicted Ahmed Abdulkarim Alkholifey, Saudi Arabian Monetary Authority (SAMA) Governor.
After annual consultations with the Saudi Government last month, IMF expected Real GDP growth to increase to 1.9 percent in 2018, as oil output increases, following a 0.9 percent contraction last year.
On the other hand, Alkholifey revealed the request of three regional banks for licenses in addition to a local bank request for digital license, asserting that "Saudi Arabian Monetary Authority (SAMA) is ready for the expected gradual increase in US interest rates," and pointing out that ""we are following global interest rates and are ready for all developments”.
Source: (Al-Arabiya.net, Edited)
