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Saudi, spending challenge
- Saudi Arabia: Sunday, December 31 - 2006 at 07:56
Saudi Arabia's government has been urged to use its financial liquidity due to inflated oil prices over the past year to sort out its problematic education system and target a reduction in the 15% unemployment rate among young males, according to an article in the UK's Financial Times. The report stresses the need for Saudi to combine prudent spending with undertaking social and economic reforms to spread wealth and heighten stability.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 31 - 2006 at 07:56 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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