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Saudi finances weaken as foreign exchange reserves slide
Saudi Arabia ramped up oil production to an all-time record high of 10.6m barrels a day in June, 200,000 barrels per day (bpd) higher than in May. Yet the slide in oil prices to below $60 a barrel means Riyadh is likely to report an “eye-watering” budget deficit of 17.5…
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Click here to read the full story: Gulf News