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The share price of the energy giant Saudi Aramco dropped by the daily maximum of 10% for the second day in a row. Aramco shares fell below their 32 riyals initial public offering price for the first time since trading began in December. The December IPO valued the company at $1.7 trillion in the world’s biggest share offering. The crash in oil prices comes at a time when all the six nations -- Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates -- have been struggling to meet persistent budget deficit as they resort to austerity measures.