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Home » Saudi Arabia faces debt surge, spending cuts amid falling oil prices

Saudi Arabia faces debt surge, spending cuts amid falling oil prices

The Cyprus Mail by The Cyprus Mail
11 months ago
0 0

Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy. Oil prices have tumbled to near four-year lows on fears a trade war will hit global growth and after […]

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Tags: AfricaAsiaBusinessDonald TrumpEnergyForceInternationalLionsLondonMiddle EastOil PricesQatarRiyadhSaudi Arabia
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