Tuesday, August 29, 2017

M.E.E.: Saudi economic future looks bleak amid falling oil prices

By SIMON CONSTABLE
Oil-rich Saudi Arabia faces a sticky problem.
Its economy is barely growing. Its government is spending way more than it receives. And its economic reforms, which would move the country away from reliance on oil, are operating at a snail’s pace.
If something doesn’t give, then the government may need to hold “a fire sale”. At least, that’s what one financial firm warns. Read more here.

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