With fluctuating oil prices, Saudi Arabia will soon have to dip into its cash reserves. So is Saudi Arabia heading into an economic crisis?
Regional Economic Outlook: Middle East and Central Asia
“Global growth remains moderate and uneven.”
Saudi Arabia to run out of cash in less than 5 years
“If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund this week.”
Oil prices keep plummeting as OPEC starts a price war with the US
“Oil prices have been dropping sharply over the past three months – a huge energy story with major repercussions for dozens of countries, from the United States to Russia to Iran.”
Music Track Courtesy of APM Music: “Crystal Logic”
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