It is the 11th of December 2018

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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

The stabilization of oil prices in the $50-60/bbl range was meant to have one particular, material impact on Saudi finances: it was expected to stem the accelerating bleeding of Saudi Arabian reserves. However, according to the latest data from Saudi Arabia’s central bank, aka the Saudi Arabian Monetary Authority, that has not happened and net foreign assets inexplicably tumbled below $500 billion in April for the first time since 2011 even after accounting for the $9 billion raised from the Kingdom's first international sale of Islamic bonds.

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UK Deploys Army As Terror Threat Raised To Highest, May Warns "More Attacks Imminent"

In a televised statement from Downing Street, UK PM Theresa May said Britain has increased its security threat level to the highest possible "critical" from "severe", following Monday's suicide attack in Manchester that killed 22 people, including children, and she also said members of the army would be deployed to "assist police" and boost security at key sites, and that military personnel would be deployed at public events such as concerts and sports events.

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