Saudi Arabia's mounting security challenges
Saudi Arabia's battle in Yemen and conflicts with Iran, coupled with the fall in the price of oil, point to a trying 2016 for the kingdom.
Saudi Arabia faces an increasingly complex web of security challenges at a time when its economy is depressed. With oil prices unlikely to rise in the next couple of years, King Salman bin Abdul-Aziz Al Saud will have to balance carefully his foreign policy priorities.
The kingdom announced its new budget Dec. 28 with a record $87 billion deficit. Revenues are projected at $137 billion and spending at $224 billion.
