Sama publishes first financial stability report

Financial system weathering oil shock and geopolitical tension

Photo of an oil derrick at sunset
Saudi Arabia is heavily dependent on oil

The Saudi Arabian Monetary Agency (Sama) published its first financial stability report on July 5, finding that while the financial system has been rocked by the oil price shock in 2014 and geopolitical tensions, it remains sturdy.

The report pointed to the "ever-rising" significance of financial stability in the post-crisis period as a key reason for producing the report. Overall, the economy and financial system are looking healthy. "All key real and financial macroeconomic indicators showed

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