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FINANCIAL NEWS
Saudi to have USD70.92 b budget surplus
27 Nov 2013
(MENAFN) Saudi Arabia is expected to have a budget surplus of USD70.92 billion this year, and the surplus is expected to continue over the following years as oil prices are above USD100 per barrel, according to Arab News.
Oil prices are expected to reach USD110 per barrel this year, said Eqtisadayah, Khalid Jamal, the CEO of EFG-Hermes (Saudi Arabia).
Al-Eqtisadayah also said the Gulf region is expected to be affected if the US reviewed its current quantitative easing policy.
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