Saudi Arabia needs higher oil prices to sustain spending
State companies will be required to cut the dividends they pay the government
08 April 2021 - 16:18
Dubai — To wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices.
A multitrillion dollar spending push designed to diversify the economy’s sources of income will require state companies to cut the dividends they pay the government to boost capital spending, Crown Prince Mohammed bin Salman has said...
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