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Saudi Budget Deficit more Than Halved in 2017

Saudi Budget Deficit more Than Halved in 2017

Riyadh- Saudi Arabia’s finance ministry revealed on Sunday the second quarter report of the state budget showing great progress in terms of managing the deficit. Positive progress in the first half of 2017 is backed with figures showing revenues jumping by 29 percent...
Senator says US budget, debt deal in hand

Senator says US budget, debt deal in hand

Washington, Associated Press—Senate leaders agreed to a bipartisan plan Wednesday to avert a threatened US default and reopen the federal government after a 16-day closure, according to a Republican senator. Stocks soared as the crisis that has gripped Washington for...
Rouhani election boosts Iranian currency

Rouhani election boosts Iranian currency

London, Asharq Al-Awsat—The Iranian rial has experienced a surge in value against foreign currencies in the wake of the election of Hassan Rouhani, while economists have criticized outgoing president Ahmadinejad’s final budget. Prior to the presidential election, held...