Tag: King Salman
Column: Saudi Arabia purge takes kingdom into unpredictable new era
Saudi Arabia now controlled by King 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 […]
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 […]
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