Monday, September 28, 2020

Statement from H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance on the Saudi National Day

It is only natural for Emirati people to join their Saudi brothers in celebrating the 90th National Day of the Kingdom of Saudi Arabia....

Saudi trade with four Gulf states plunges 5.5% in five months

Riyadh – The trade exchange between Saudi Arabia and four Gulf countries (the UAE, Bahrain, Kuwait, and Oman) decreased during the first five months of 2019, according to data released by the kingdom’s General Authority for Statistics (GAS).

The bilateral trade between Saudi Arabia and the four countries declined by 5.5% in value to SAR 43 billion from January 2019 to the end of May, compared to SAR 45.48 billion in the year-ago period.

Saudi exports to those countries went down to SAR 18.82 billion in the fifth-month period ended 31 May, from SAR 20.28 billion the year before.

Meanwhile, Riyadh’s imports from the UAE, Kuwait, Oman, and Bahrain declined to SAR 24.19 billion in five months.

Source: Mubasher

All Rights Reserved – Mubasher Info © 2005 – 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

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