Saudi budget faces plunging oil prices, declining reserves and an increase in military spending.
The plan to slash benefits has proved unpopular, but officials say it is necessary to curb the country's mounting public spending.
Small and medium enterprises have become important revenue drivers and job creators for the kingdom, a government official said.
Gulf firms interested in agriculture, infrastructure and finance in Sub Saharan Africa.
The war with Islamic State is costing Arab economies around USD 1 trillion.
Iraq’s budget deficit has risen to around 12% of GDP, said a central bank official.
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