RealNews

Riyadh Blasts Not to Affect Investment Climate

Saturday’s suicide bombings will not damage the Saudi economy, although it has rattled their sense of security, according to some Saudi experts. Osama M. Al-Kurdi, a member of the Shoura Council, told Arab News that the Saudi economy, the biggest in the Middle East, would not be shaken by the acts of terrorists. “The fact that there has been an unparalleled increase in stock market and real estate values and a dramatic rise in bank deposits proves conclusively that investor and depositor confidence has remained unshaken,” he said. Al-Kurdi lashed out at terrorists who committed “totally un-Islamic acts by attacking Arab, Muslim and non-Muslim residents of the compound at night to inflict major civilian casualties.” Full Story

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