Saudi Budget Is Balm for Investors Stung by Austerity Drive - Bloomberg:
"For investors who watched austerity measures pummel growth over the past two years, Saudi Arabia’s 2018 budget is a relief. The world’s biggest crude exporter will boost spending to 1.1 trillion riyals ($293 billion) to revive an economy that has languished as the nation copes with low oil prices. Ashmore Group Plc says it’s a sign Crown Prince Mohammed bin Salman’s reforms are going ahead, and markets will probably rally, according to Arqaam Capital Ltd."
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