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Monday, 27 February 2017

Saudi reforms look more realistic with higher oil prices | GulfNews.com

Saudi reforms look more realistic with higher oil prices | GulfNews.com:

"Saudi Arabia’s fiscal reforms are looking more realistic and within the reach of the broad targets and schedule set by the government, thanks to recent recovery in oil prices and gradual reforms gaining traction, according to economists. Growth rebound, higher oil prices and reforms supporting non-oil economy are key Saudi priorities in its plans to cope with the new economic realities. Structural reforms to attract foreign direct investments and diversification of revenue through investments abroad are also part of the plan. King Salman’s ongoing Asian tour that began on Sunday is aimed at building ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities in the kingdom, including the sale of a stake in the state firm, Saudi Aramco."



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