Saudi Arabia&#39;s public spending to rise by $2.1 billion
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Saudi Arabia&#39;s public spending is predicted to increase by 8 billion Saudi riyals ($2.1 billion) a year over the next five years, an economic report by the National Commercial Bank said.
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Oil prices rose more than $1 a barrel Wednesday following reports of at least one explosion in the capital of Saudi Arabia and after the US government reported that winter fuel supplies declined last week.
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BEIJING -- China announced yesterday that it will increase military spending at a sharply higher rate this year, budgeting a rise of nearly 18 percent, and a senior US official immediately called for clarity on the planned expenditures.
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JEDDAH, 29 September 2004 - With oil prices soaring to record highs, Saudi Arabia announced yesterday it would increase its production capacity to 11 million barrels per day (bpd) within weeks in a bid to curb the prices.
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LONDON, November 29  - Saudi Arabiaâs Oil Minister, Ali Al-Naimi, reiterated today that his country is taking adequate steps to expand its sustainable oil capacity, while mentioning that supply-related fears have resulted in a $10-$15
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Saudi Arabia, the world&#39;s largest oil exporter, may expand production capacity by 30 percent within two years to prevent shortages, the country&#39;s oil minister said.
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U.S. Energy Secretary Sam Bodman said on Saturday that Saudi Arabia should raise output to ease tightness in world oil supplies and that OPEC should up output at its February 1 meeting.
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Consumers continued to spend at a  stronger-than-expected pace in August as lower gasoline prices  helped spur spending in other areas, pushing up retail sales by  an unexpected 0.2 percent, a government report showed on  Thursday.
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LONDON, June 7 -- Prince Bandar bin Sultan, a member of Saudi Arabia's royal family and the kingdom's former ambassador to the United States, pocketed about $2 billion in secret payments as part of a $80 billion arms deal between Britain and Saudi Arabia first signed in 1985, British media reported...
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The Saudi announcement came after oil prices moved above the US$50 per barrel mark. Oil analyst Deborah White at Societe General bank, said: &quot;The Saudi announcement is not a surprise.
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Inflation grew in November at its fastest pace in two years, as sky-high oil prices pushed up the costs of other products, while consumer purchases rose a bigger-than-expected 1.1 percent.
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National health spending soared above $2 trillion for the first time in 2006 and has nearly doubled in the last decade.
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RIYADH, Saudi Arabia -- Saudis streamed into a stadium to load bundles of clothes into trucks and stuff glass boxes with cash yesterday as the government launched a public campaign to help Southeast Asian tsunami victims.
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Saudi Arabia plans to expand its oil output capacity by 14 percent over the next few years to avert shortages as demand rises, the nationâs oil minister said Monday.
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LONDON (CBS.MW) -- The benchmark New York crude contract was little changed at $49.44 a barrel early Monday after the Saudi Oil Minister Ali Al-Nuaimi said the country will raise production capacity to 12.5 million barrels per day within a few years from
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Oil prices surged nearly $2 a barrel Wednesday following two bombings in the capital of Saudi Arabia and after the U.S. government reported that winter fuel supplies shrank last week.
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Prince Bandar bin Sultan, a member of Saudi Arabia's royal family and the kingdom's former ambassador to the United States, pocketed about $2 billion in secret payments as part of an $80 billion arms deal between Britain and Saudi Arabia first signed in 1985, British media reported yesterday.