Saudi Arabia's economy is in an "excellent" shape and a rise in oil prices will boost the strong economic and financial position of the world's top oil exporter, its finance minister said on Saturday.
"The Saudi bourse and the overall Gulf stock markets react away from economic factors," Ibrahim Alassaf told Al Arabiya TV.
Public revolts against autocratic regimes and economic hardships have swept through the Arab world over the past two months, unseating Egyptian and Tunisian leaders. The unrest now challenges governments in oil-exporting Libya, Bahrain and Oman.
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