Watch today in 'World Business Watch': World's largest oil exporter Saudi Arabia has planned to cut spending by 7.5% in next year's budget as the country face the economic contraction.

World Business Watch: Saudi Arabia plans to cut spending next year

Saudi Arabia has planned to cut spending by 7.5 percent in next year's budget to 990 billion riyals ($263.94 billion) but expects the economy to return to growth. Watch report.

Saudi Arabia to cut spending next year by 7.5% | World News

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World Business Watch: Saudi Arabia plans to cut spending next year

Saudi Arabia to cut spending next year by 7.5% | World News