Saudi Arabia feels impact of low #oil prices

6 Aug

Oil prices have been falling over the last few years +

Saudi Arabia has been fighting a new war in Yemen +

The Saudi government has been increasing handouts to government employees over the last few years =

The Saudis are starting to feel the financial strain. So much so that they have started borrowing quietly on the domestic market.

The podcast below from the Financial Times explains more:

http://podcast.ft.com/index.php?sid=29&pid=2894

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