budget deficit
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Interviews9 years ago
‘People no longer trust Al Saud’
An analyst says Saudi people have lost their trust in the Saudi royal family.
‘People no longer trust Al Saud’
Saudi Arabia9 years ago
KSA posts record high budget deficit
Saudi Arabia posts record high $98 billion budget deficit in 2015 as plummeting oil prices take their toll on kingdom’s revenues.
KSA posts record high budget deficit
Business9 years ago
Saudis face high unemployment, poverty
A report by global consulting firm McKinsey has provided a gloomy outlook for Saudi Arabia’s economy.
Saudis face high unemployment, poverty
Business9 years ago
Saudi foreign reserves drop over low oil prices
Saudi Arabia’s foreign reserves have dropped to $644 billion at the end of October as the price of oil remained low.
Saudi foreign reserves drop over low oil prices
Military9 years ago
UK govt. warned against police cuts
The UK’s former counter-terrorism chief says budget cuts could prevent effective response to terrorists.
UK govt. warned against police cuts
Saudi Arabia9 years ago
Saudi censures S&P for credit downgrade
Saudi Arabia slams Standard and Poor's for downgrading its credit rating.
Saudi censures S&P for credit downgrade
Saudi Arabia9 years ago
S&P cuts Saudi Arabia credit rating
Standard & Poor’s (S&P) has downgraded its sovereign credit rating for Saudi Arabia.
S&P cuts Saudi Arabia credit rating
Business9 years ago
Saudis not penniless yet but draining funds
Saudi Arabia has withdrawn as much as $70 billion of its assets held abroad as the kingdom’s lavish spending and its destructive war on Yemen is burning through reserves at a blistering pace.
Saudis not penniless yet but draining funds
Saudi Arabia9 years ago
Riyadh to cut spending over budget deficit
Saudi Arabia is planning to cut government spending over record budget shortfall due to plummeting oil prices.
Riyadh to cut spending over budget deficit
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