.
.
.
.
Coronavirus

Saudi economic outlook uncertain amid low oil prices, COVID-19: Central bank gov

Published: Updated:

The outlook for Saudi Arabia’s economy this year is uncertain, the kingdom’s central bank governor said on Wednesday, as the oil exporter navigates the effects of low oil prices and the coronavirus pandemic.

Ahmed al-Kholifey, governor of the Saudi Arabian Monetary Authority (SAMA), speaking to a virtual Euromoney event, also reaffirmed the bank’s commitment to the local currency peg to the US dollar.

Read more:

Saudi Arabia supports Palestinian demand for state, East Jerusalem as capital: FM

Saudi Arabia ranked first for digital competitiveness among G20 nations: Report

Saudi Arabian woman ‘has the right to choose where to live,’ concludes judge