The global financial crisis and the fall in the oil price as the result of the threat of global recession are causing some problems even in the oil-rich Gulf states which had so far seemed insulated from the financial turmoil in most other countries. "In Saudi Arabia, always on guard against potential unrest, King Abdullah said that 10 billion riyals, or $2.7 billion, would be placed in an account in the Saudi Bank of Credit and Saving to enable the bank to help hundreds of thousands of citizens obtain loans for family needs, including marriages and home repairs."
Profile of Saudi Arabia
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