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...
Riyadh Stays Positive
Published on Fri, 28 Oct 2016 - Volume: 59 Issue: 43Print
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