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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Saudi king: Increased spending by $10 billion

Posted on 27 May 2009

From AP: Saudi Arabia has increased its domestic spending to weather the global financial crisis, but has not sold any of its sovereign investments to boost liquidity, the ruler of the world’s largest oil producing nation said in an interview published Tuesday.

King Abdullah also told Kuwait’s Al Seyassah newspaper that the country’s crown prince and his successor was expected back home within six weeks, after undergoing treatment in the US…….Full Article: Source


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