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Saudi Arabia projects $53bn deficit in 2017

Saudi Arabia cabinet has projected a 2017 Budget deficit of about 53 billion US Dollar and said in a statement that this year's deficit will be 79 billion US Dollar, down 8.9 per cent from 2016's budget forecast......»»

Category: topSource: newsonairDec 23rd, 2016

Saudi Arabia projects $53bln deficit in 2017

Saudi Arabia cabinet has projected a 2017 Budget deficit of about 53 billion US Dollar and said in a statement that this year's deficit will be 79 billion US Dollar, down 8.9 per cent from 2016's budget forecast......»»

Category: topSource: newsonairDec 23rd, 2016

Saudi Arabia to boost 2017 spending as it cuts into huge state deficit

RIYADH (Reuters) - Saudi Arabia said on Thursday it had successfully cut into its huge state budget deficit this year and will increase government spending in 2017 to boost flagging economic growth......»»

Category: global-financeSource: reutersDec 22nd, 2016

Saudi Arabia projects $53 billion budget deficit in 2017 budget

The Saudi cabinet said revenues for this year are expected to be 528 billion riyals, higher than projections a year ago of 513.75 billion.....»»

Category: economySource: livemintDec 22nd, 2016

Saudi energy minister: oil market would balance even without output cuts

DHAHRAN, Saudi Arabia (Reuters) - Saudi Arabia's energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, and that keeping output at current levels could therefore be .....»»

Category: global-financeSource: reutersNov 27th, 2016

Saudi Arabia bans schools from declaring non-Islamic holidays

International schools have been warned against marking holidays for occasions like Christmas and New Year.....»»

Category: global-financeSource: business-standardNov 14th, 2016

Venezuela"s president says oil producers close to output cap deal

Maduro visited Azerbaijan and Iran as part of an international trip that also includes visits to Saudi Arabia and Qatar and is aimed at pushing a deal to stabilise oil markets......»»

Category: marketsSource: economictimesOct 23rd, 2016

Saudi Arabia draws $67 billion demand for sovereign bonds

Saudi Arabia is expected to raise up to $17.5 billion through its international bond offer, which involves five-, 10- and 30-year tranches.....»»

Category: economySource: livemintOct 19th, 2016

Saudi Arabia reassigns ambassador to Iraq after controversy

A royal decree issued on Sunday from King Salman announced Thamer al-Sabhan would be a minister of state for the Gulf region.....»»

Category: global-financeSource: business-standardOct 16th, 2016

GoAir to increase fleet size to 26 in FY17

"We are also looking at starting international operations from summer schedule next year. We are looking within A320 reach (6 hours of journey) which typically covers countries like China, CIS, Iran, Saudi Arabia. It depends on the approvals also," GoaAir.....»»

Category: topSource: moneycontrolOct 13th, 2016

Oil prices fall as Saudi Arabia dampens prospects of output freeze

International benchmark Brent crude oil prices were trading at $49.46 per barrel at 0658 GMT, down 21 cents from their previous close.....»»

Category: economySource: livemintAug 26th, 2016

Oil prices dip as Saudi Arabia dampens prospects of output freeze

Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month.International benchmark Brent crud........»»

Category: marketsSource: thehindubusinesslineAug 26th, 2016

Oil prices dip as Saudi Arabia dampens prospects of output freeze

International benchmark Brent crude oil prices were trading at $49.55 per barrel at 0114 GMT, down 12 cents from their previous close......»»

Category: marketsSource: economictimesAug 26th, 2016

Timing it with GST, Vijay Rupani begins work on Vibrant Gujarat-2017

23 countries, including USA, China, Japan, UK, France, Germany, Canada, Russia, Israel, South Korea and Saudi Arabia, are being invited for the programme......»»

Category: topSource: economictimesAug 22nd, 2016

Saudi King assisting stranded Indian workers: Sushma Swaraj

7,700 Indians employed with a company in Saudi Arabia were facing a financial crisis after its shut down.....»»

Category: economySource: business-standardAug 4th, 2016

Saudi Arabia races through financial toolkit to raise funds

Saudi Arabia raised a $10 billion loan, clamping down on currency speculators and informed banks of plans to raise $15 billion in its first international bond sale.....»»

Category: economySource: livemintJun 6th, 2016

IMF backs Saudi economic plan for "appropriately bold" transformation

DUBAI (Reuters) - The International Monetary Fund backed Saudi Arabia's sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices......»»

Category: global-financeSource: reutersMay 19th, 2016

Aramco awards Hasbah gas expansion contract to L&T and Emas AMC - sources

KHOBAR, Saudi Arabia (Reuters) - State oil giant Saudi Aramco has awarded a $1 billion-plus contract to India's Larsen & Toubro (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, industry sources said. Increasing.....»»

Category: real-estateSource: sifyMay 16th, 2016

Aramco awards Hasbah gas expansion contract to L&T and Emas AMC - sources

KHOBAR, Saudi Arabia (Reuters) - State oil giant Saudi Aramco has awarded a $1 billion-plus contract to India's Larsen & Toubro (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, industry sources said......»»

Category: global-financeSource: reutersMay 16th, 2016

Saudi Arabia to overhaul floundering financial district, economic cities

The project to build the King Abdullah Financial District began in 2006; skyscrapers were to house banks and the financial regulator......»»

Category: topSource: economictimesApr 26th, 2016