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Email this article: Saudi appoints Prince Salman crown prince
Posted: Mon June 18, 2012 5:05 pm
SAUDI ARABIA. Saudi Arabia's King Abdullah has appointed Defense Minister Prince Salman as crown prince and heir apparent, ensuring a smooth succession at a time of tough challenges.
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UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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