Saudi Arabia’s General Authority for Food Security said it had purchased 710 thousand tons of wheat from Saudi producers abroad.
The Authority said in a statement that 355 thousand tons were purchased from the Saudi Agricultural Investment and Livestock Production Company (SALK), while the remaining quantity was purchased from Al Rajhi International Investment Company.
Earlier, the Saudi budget deficit increased during the third quarter of this year to 9.5 billion dollars in the three months ended in September, after the budget recorded a deficit of 1.41 billion dollars in the second quarter, according to Bloomberg, citing a report by Saudi Arabia’s Ministry of Finance.
“Although expenses decreased by 8% to about $78 billion, revenues decreased by about 18% to $69 billion, as a result of lower revenues from crude oil and taxes,” according to Saudi Arabia’s Ministry of Finance report.
GOOGL 
AMZN 
MET 
T 
WPM 
DM 
SVM 
CMC 
HKDUSD=X 
BABA 