Saudi Arabia could run out of cash in less than 5 years

Posted online October 26, 2015 | 11:29 am

If oil stays around $50 a barrel, most countries in the Middle East will run out of cash in five years or less, according to a report from the International Monetary Fund.

That includes OPEC leader Saudi Arabia, as well as Oman and Bahrain.

In 2015, low oil priced reportedly will wipe about some $360 billion from the region.

Read more from CNNMoney.

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