Saudi has huge oil reserves, yet, is badly ridden in debt. More supply leads to fall in price. In the years of low oil price, Saudi takes a big hit. Since the discovery of oil, Saudi has splurged on infrastructure, military and foreign aid. These expenditures have increased every year, whereas the price of oil fluctuates. Another reason is monarchy.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NY3dCh
No comments:
Post a Comment