The Saudi government said Monday its financial house is in order despite the negative pressure exerted by historically low crude oil prices. The Saudi Arabian Monetary Agency said there were some misconceptions about the overall economic backdrop in the oil-rich country, adding any long-term concerns were largely speculative in nature. “Saudi Arabia’s key economic and financial indicators are stable, as reflected by its net creditor position with a sound and resilient banking system,” it said in a statement. Lower crude oil prices, down more than 60 percent from mid-2014, are hurting economies from exporting nations like Saudi Arabia that depend heavily on crude oil prices. The Saudi Finance Ministry reported total revenue for fiscal year 2015 at $162 billion, an estimated 15 percent decline from […]