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1/17/17

Saudi Arabia - 2017: Saudi Arabia’s Annus Horribilis? - by James M. Dorsey

2016 was not a good year for Saudi Arabia. Sharply lower oil prices sparked a domestic financial crisis that is forcing the country to restructure its economy.

Saudi Arabia’s bitter struggle with Iran for regional hegemony has embroiled it in wars and political conflicts it has been unable to win, leaving it no alternative but to admit failure or compromise. If 2016 was bad, 2017 threatens to be worse.

Read more: 2017: Saudi Arabia’s Annus Horribilis? - The Globalist

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