Graduation Project

Graduation Project

Executive Summary

The economic performance of Middle East is always looking at the positive side of Saudi Arabia in its oil exports to the world market Likewise , the emerging industrial-commercial community of Dubai highlights the investment portfolio of foreign investors . On the contrary , economies are being restructured in other parts of neighbouring Islamic countries , like Egypt , Jordan , Israel , Lebanon , and Syria , and the Arabian Peninsula that composes Afghanistan , Libya Turkey and Sudan

At this point in time , Saudi Arabia keeps its promising window to world economies . Particularly

, the production of oil and petrochemical products is bolstered by continuous foreign investments that may seem impressive of having a sustainable capital market . However , several industrialists and economists predicts the bolstering as superficial indicating the relevance of financial management system that can support the existing banks . Indicative of the world market performance , the economic recession in Europe and the United States is perceived to affect the downturn in oil exports . As cited , export growth in 2006 has achieved 4 .2 percent but fell short at 3 .4 percent in 2007 as a result of sudden financial recession , in which Saudi Arabia 's small industry sector may destabilize their production (Business Monitor International 2008

As forecasted by Business Monitor International (BMI , the competitive intelligence ' in banking system could be the immediate necessity of Saudi Arabian banks to support the 5-year economic development plan of the government , and as well guarantee the survival of the banks in its liquidity . BMI 's economic forecasting...