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Former Saudi official presses for change in managing oil wealthA former senior official at Saudi Arabia's central bank says he believes the kingdom may soon change the way it manages its oil wealth as part of efforts to protect its financial reserves in an era of cheap crude. More… |
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Oil plunge will siphon Gulf petrodollars from global marketsPlunging oil prices could prompt Gulf Arab sovereign wealth funds to pull tens of billions of dollars out of global markets this year, with much of the money expected to come out of US dollar debt and deposits with banks abroad. B More… |
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Iran confident of no attack, can survive sanctionsIran feels it has done enough to avert an imminent US attack, Iranian analysts and politicians say. The country is also confident its cushion of petrodollars will help it weather the impact of a third round of mild sanctions, they added. More… |
