SAUDI ARABIA: Cuts capital spending in country by 71% as crude #oil prices dent their income flow – @AceFinanceNews

#AceFinanceNews – Oct.11: Saudi Capital Spending to Drop 71% in 2016 Amid Low Oil Prices

Saudi Arabias austerity measures will slash capital spending this year by 71 percent, as the worlds biggest exporter of crude seeks to repair public finances damaged by low #oil prices…..

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