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Tag: Saudi Arabia Collapse

Saudi Arabia ‘s once glamorous economy, now, largely failing: Inside Look
Fresh News

Saudi Arabia ‘s once glamorous economy, now, largely failing: Inside Look

RIYADH, SAUDI ARABIA --  Daily News'  SHK who has and admits to confident ties with Saudi Arabia 's ruling family brings an interesting take on the country's struggle this morning. ------ REPORTING BY: SHK Saudi Arabia 's once glamorous and powerful economy, is, largely failing. After oil spent the last four months dropping significantly in prices, Saudi Arabia, has now reportedly found itself in the midst of austerity cuts. Such cuts,  undermine a country whereas "handouts" and tax breaks have largely bought Saudi's ruling family complete civil obedience. Now, the country is in straits. According to the ruling family,  Saudi Arabia "in the near future will be weaned off of its dependence on oil sales" to bring back a booming economy that could survive without such sales (they'...
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