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Saudi FinMin: Euro crisis could hurt, sees opportunities - ASHARQ AL-AWSAT English Archive
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ABU DHABI,(Reuters) – Saudi Arabia’s finance minister pointed to risks to its exports on Wednesday should the financial crisis in Europe lead to slower economic growth, although it may also present opportunities for its oil-rich investors.

There are growing fears that a fresh crisis in Europe could trigger a global recession.

Asked about any potential impact, Alassaf said: “Concerns could be for trade, or demand for Saudi production or exports.”

“But on the other hand, it may be an opportunity for investors,” Alassaf said.

Saudi Arabia, with more than $400 billion in assets, is the Arab world’s richest country.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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