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Saudi Arabia undisturbed by falling oil prices

It has over US$750b in cash reserves, more than enough to stave off panic


AHMED al-Ghaith pulled his Dodge Durango into a petrol station in central Riyadh and told the attendant to fill it up. In a country where petrol sells for 45 US cents a gallon, that cost him US$12.

With global oil prices plummeting, you might think people in Saudi Arabia, a