29 September 2015. Saudi Arabia isn’t used to being strapped for cash. With oil at more than $100 a barrel, its income more than outstripped its outgoings. But now the price of oil has crashed, and Saudi Arabia has decided that the best way to deal with it is to hunker down and starve out the competition in the US, the money isn’t flooding in the way it used to.

MONEY WEEK

http://moneyweek.com/saudi-arabia-sovereign-wealth-fund-collapsing

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