Saudi net foreign asset soars to record $713bn
Riyadh, December 28, 2013
Saudi Arabia's net foreign assets hit a record high of SR2.676 trillion ($713 billion) in November, according to the data released by the kingdom's central bank.
The M3 money supply growth rebounded to 13.5 per cent year-on-year in November from a 14-month low of 10.4 per cent in October, it stated.
The growth in bank lending to the private sector accelerated to 13.8 per cent from 13.5 per cent,. the data showed.-Reuters