Tuesday 16 September 2014
 
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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,

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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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