Middle-east Arab News Opinion | Asharq Al-awsat

U.S. Posts $53 Billion Budget Deficit in May

by Asharq Al-Awsat English | Jun 10, 2016 | World

The U.S. government posted a $53 billion budget deficit in May, a 38 percent drop from the same month last year, the Treasury Department said on Friday. The government had a deficit of $84 billion in May of 2015, according to the Treasury’s monthly budget...

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AFP

Opinion: Finally, Economic Reform in Saudi Arabia

by Salman Al-dossary | Jan 1, 2016 | Opinion

The Saudi Arabian budget for this year does not resemble the budgets of previous years since the first one in 1934 which amounted to $3.7 million. The surprise does not lie in the deficit which was high but at the same time lower than expected ($98 billion), and nor...

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Opinion: Belt-Tightening or a Change in Approach?

by Abdulrahman Al-Rashed | Dec 30, 2015 | Opinion

I do not think that the pricing decisions announced by the Saudi government is a case of belt tightening as some have said. They say that these decisions are temporary and a response to the terrible decline in oil prices that aim to reimburse huge losses suffered by...

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Arabic website

Opinion: The New Saudi Budget

by Hussein Shobokshi | Dec 30, 2015 | Opinion

The most important event these days in Saudi Arabia, the most important country economically in the Middle East, is the announcement of the general budget for the new financial year. Saudis receive news of the new budget whilst knowing that the economic situation of...

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King Salman bin Abdulaziz

Saudi Budget Ushers in the Era of Income Diversity

by Asharq Al-Awsat | Dec 29, 2015 | Business

King Salman bin Abdulaziz directs the Economic and Development Council: By launching a comprehensive reform program of a 840 billion SAR worth of expenses and a 513 SAR worth return in revenue, all in a plan of regulating both water and power consumption. On Monday,...