Is Saudi Arabia Heading towards Financial Ruin?
- Published in Analysis
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On August 5, 2015, the Financial Times reported that Saudi Arabia was returning to the bond market with a plan to raise $27bn by the end of 2015. The paper also indicated this was a clear sign of the strain to lower oil prices putting pressure on the finances of the world’s largest oil exporter. Fahad al-Mubarak, the governor of the Saudi Arabian Monetary Agency, said in July that Riyadh…
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