Saudi Arabia: Can the country adapt to cheap oil? - BBC News:
"Events of the last week in Saudi Arabia might not seem indicative of a government on the path to liberalisation. But when it comes to the economy, the oil rich kingdom is primed for reform.
The rising tension between Saudi Arabia and Iran has distracted attention from what was already becoming a fascinating story. In Riyadh there seems to be a quiet revolution underway in attitudes towards some of the fundamentals that have long underpinned Saudi Arabian society.
In December's budget we saw the first steps in a major economic reform plan, the rest of which is expected to be announced in January. The aim is to ensure political stability while the country adjusts to a much lower world oil price."
'via Blog this'
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