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Saudi economy

IMF urges Saudi Arabia to contain spending and wages

DUBAI: The IMF on Friday warned Saudi Arabia against boosting spending in the wake of rising oil prices, urging the world's top crude exporter to also contain its wage bill. The International Monetary Fund said in a report that a rise in…

Britain to help reform Saudi economy

LONDON: Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister Theresa May visited the Gulf kingdom. May and Saudi King Salman would discuss¬†"tax and privatisation standards to…