An IMF report released on Wednesday warns Saudi Arabia will run out of financial assets within five years; other oil producing countries, such Bahrain and Oman, face a comparable or greater challenge as the cannot increase oil production volumes.
This year’s public deficit in Saudi Arabia will be a whopping 20% of the Kingdom’s GDP. Structural reforms and a fiscal crisis is feared may have social and political consequences.
Kuwait, Qatar and the United Arab Emirates can endure for up to 20...
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