By SIMON CONSTABLE
A torrent of money has fled Saudi Arabia as a result of its struggling economy.
It’s bad news for a country that is desperately trying to shed its dependence on the energy business and refashion its economy for a post-oil world.
New research shows the kingdom saw tens of billions of dollars of capital leave the kingdom each year from 2012 up to and including last year. Next year there will be more of the same, states the March-dated report from the DC-based think tank, the Institute of International Finance (IIF). Read more here.
Jedda, Saudi Arabia
Photo by mohammed alorabi on Unsplash
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