Saudi plans on track despite falling oil prices

[Kristy]

The government has sought to reassure Saudis that modernisation schemes are on track after fears of a global economic slowdown helped push oil prices down to around $70 (Dhs257) a barrel this month from double that three months ago. As plans were announced to set up a new women's university, Saudi King Abdullah Bin Abdul Aziz was widely quoted in state media as saying: 'The country is moving calmly and all the coming days will be happiness and prosperity.'

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