Economic Divide5 years ago
IMF loan: The takeover of Pakistan
Pakistan has been facing serious challenges in the past 30 years.
Deficit
Ukraine's Zelensky criticizes West over 'deficit of weapons'
Iran’s new budget chief warns of deficit in current fiscal year
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Business6 years ago
UK govt. squeezed by weak growth, tax revenues
UK government has come under pressure over its budget plans after weak economic growth in June.
Economy7 years ago
Trump's $4.4 trillion budget sharply raises deficit
The US president has unveiled a $4.4 trillion budget for next year that will add more than $1 trillion to the federal deficit.
Business8 years ago
US 2016 trade deficit highest since 2012
A new report says the US trade deficit in 2016 reached the highest level since 2012.
Saudi Arabia8 years ago
Saudis readying to sell oil giant Aramco
Saudi Arabia announces plans to sell 49 percent of its major oil company Aramco as part of its attempts to lower its deficit.
Saudi Arabia8 years ago
Saudi Arabia drops Islamic Lunar calendar
Saudi Arabia adopts “Western” calendar system for paying government employees as part of a new austerity package.
Business8 years ago
Saudi shares at lowest level since 2011
The Saudi stock market has been hit by fears that the government could introduce more austerity measures to curb a big budget deficit caused by low oil prices.
Saudi Arabia8 years ago
Saudi cuts public bonuses, salaries
Saudi Arabia implements financial curbs by cutting public bonuses and ministers' salaries to cope with budget deficit.
Business8 years ago
Troubled Saudis axing hundreds of projects
Saudi Arabia has been burning through $12-$15 billion per month from its financial reserves.
Interviews9 years ago
‘People no longer trust Al Saud’
An analyst says Saudi people have lost their trust in the Saudi royal family.
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