Awwal 14, 1432 H/Feb 17, 2011, SPA -- Governor of the Saudi Arabian Monetary Agency (SAMA) Dr. Mohammed bin Suleiman Al-Jasser stressed that the budget of the Kingdom of Saudi Arabia is designed to meet the periodic fluctuations of oil prices which coincide with the global economic cycle. In a lecture he delivered Yesterday evening at the Oxford Centre for Islamic Studies in Oxford under the title "Macro-Economic Management in an Oil Economy: the Case of Saudi Arabia", the governor of SAMA spoke on four issues: the challenges posed by the absence of expected oil revenues, the challenges of working under a diversified economy, the effects of the global financial crisis in 2008 and 2009 on the financial system in the Kingdom and the role of Islamic funding in the future in addition to the current challenges posed by food price inflation.
