The Challenges Facing Saudi's Deputy Crown Prince
Saudi Arabian stocks surged the most in seven weeks on relief that the nation’s plan to prepare for a post-oil era won’t depend on excessive government spending. The nation’s Vision 2030 won’t require high state expenditure, and the kingdom will press ahead with infrastructure projects, Saudi Deputy Crown Prince Mohammed bin Salman said in a televised interview with Al Arabiya TV. The world’s biggest crude exporter is seeking to reduce its reliance on oil after a slump in prices put pressure on the nation’s finances. Bloomberg's Riad Hamade reports from Abu Dhabi.
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