Saudi Finance Minister Ibrahim al-‘Assaf painted a positive picture of the kingdom’s financial position during a seminar in Riyadh on 25 October. Despite oil prices remaining around $50/B, less than half 2014’s levels, the minister said “we have managed to maintain our public finances in a good position, preserve stability in foreign reserves which remain at a high level, and to keep our level of debt low.” Indeed, Saudi energy minister Khalid al-Falih said debt...