Tag: King Salman

Column: Saudi Arabia purge takes kingdom into unpredictable new era

Column: Saudi Arabia purge takes kingdom into unpredictable new era

Saudi Arabia now controlled by┬áKing Salman and Crown Prince Mohammed bin Salman By John Kemp LONDON, Nov 6 – The wave of arrests and ministerial changes in Saudi Arabia at the weekend has fundamentally transformed the structure of the state as it has existed since the 1960s. Saudi Arabia has practised a form of collective […]

By November 6, 2017 0 Comments Read More →
Saudi Arabia budget: $98B deficit as lower oil prices cut into gov’t revenue

Saudi Arabia budget: $98B deficit as lower oil prices cut into gov’t revenue

Saudi Arabia budget released Monday RIYADH, Saudi Arabia _ Saudi Arabia on Monday said this year’s budget deficit amounted to $98 billion (367 billion riyals) as lower oil prices cut into the government’s main source of revenue, prompting the kingdom to scale back spending for the coming year and hike up petrol prices. A royal […]

By December 28, 2015 0 Comments Read More →