Bloomberg | Saudi Arabia Said to Delay Contractor Payments as Oil Slumps Bloomberg “It's hard to hold back from boosting spending when oil is on the rise, but very hard to cut when oil prices fall,” Simon Williams, chief economist for central and eastern Europe, the Middle East and North Africa at HSBC Holdings Plc, said in e-mailed ... Abu Dhabi index jumps with oil; Saudi advances Saudi Arabia said to delay contractor payments after oil slump |