Photographer: Waseem Obaidi/Bloomberg

New Guard Rises in Saudi Arabia as Oil Crisis Forces Rethink

  • Economy minister Adel Fakeih rises as economic revamp planned
  • Officials seen close to Saudi Arabia's deputy crown prince

After a year of plunging oil prices, all eyes were on Ibrahim Al-Assaf, Saudi Arabia’s finance minister for two decades, to deliver a budget that could restore confidence in the kingdom’s finances.

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