Regional stock market indices Regional currency rates Saudi Arabia’s Liquidity Reaches $267B Saudi Arabia’s liquidity rose to 1 Trillion Saudi Riyal ($267B) as the Saudi Arabian Monetary Agency (SAMA) adopted a list of measures to enhance banks’ lending ability. SAMA cut interest rates five time since October to encourage banks to finance new projects. Nevertheless, banks are still cautious about lending that led non-statutory deposits with SAMA to hit 74 Billions Saudi Riyal ($19.7B). In a related economic news, the IMF forecasted that Saudi Arabia’s economy will shrink by 0.9% in 2009 as a drop in oil prices coupled with a global credit markets crisis will harm the economy by hurting exports, investments and consumer spending. The Jordanian $10B Seawater Desalination Plant In a strategy to save the Dead Sea from constant shrinking and to provide the Kingdom with much needed fresh water, the Jordanian government will implement a $10B
