Riyadh has granted an off-budget social package to various sectors of society, aimed at stimulating the economy. But with future oil revenues hit by the slump in oil prices, this could further strain the kingdom’s already delicate fiscal position.
Following his accession to the throne, King Salman on 29 January issued a raft of royal decrees aimed at swiftly consolidating his hold on government and ensuring a smooth transfer from the late King ‘Abd Allah. (CONTINUED - 1015 WORDS)
