Friday 11 July 2014

Saudi Arabia 'faces oil, fiscal challenges'

The sharp rise in Saudi Arabia’s domestic oil consumption and the increasing government spending pose huge challenges for the kingdom’s economy, says a report. There is widespread understanding that with oil prices around $100 per barrel,


UAE spending seen in line with plan

The United Arab Emirates will keep to its 2010 federal spending target of 43.6 billion dirhams ($11.9 billion) and will end the year with a balanced budget as planned, a senior finance ministry official said. The world's third-largest oil

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