![](https://middleeastobserver.org/wp-content/uploads/2019/03/King-Salman-and-MBS-678x381.jpg)
Saudi Arabia News
Saudi Arabia to slash spending by 5% as oil prices fall
Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economic outlook and deficit. [ More … ]