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Squeezed by Low Oil Prices, Saudi Arabia Cuts Spending to Shrink Deficit

ByRICK GLADSTONE

Dec 29, 2015

The official Saudi news media reported that the Finance Ministry would cut spending, adopt new taxes and reduce price subsidies for fuel, water and power.


Related posts:

  1. Saudi Arabia To Balance Interests Of Oil Consumers & Producers
  2. UAE Stocks Trading At A Discount To Qatar & Saudi Arabia
  3. Fitch Downgrades 3 Saudi banks To Negative, Low Oil Prices Hobble Growth
  4. UAE and Saudi Arabia Form Co-ordination Council

By RICK GLADSTONE

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