Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: SAUDI BUDGET
Saudi Arabia reveals record budget for 2019 with spending of 1.1 trillion riyals
:: Figures pertaining to Saudi Arabia’s 2019 budget revealed a record spending worth 1.106 trillion Saudi riyals which is a 7.3 percent growth rate compared to 2018. According to figures announced by the Saudi Ministry of Finance, the expected revenues
Saudi Crown Prince: Economic reforms contributed to reducing budget deficits
:: Saudi Arabia’s Crown Prince Mohammed bin Salman has affirmed that the economic and structural reforms in the national economy are progressing toward achieving the objectives of the Saudi Vision 2030 aimed at diversifying the economy and achieving stability, economic
Saudi Arabia announces largest budget in its history
:: King Salman bin Abdulaziz Al Saud, chaired the Saudi Cabinet’s session at Al-Yamamah Palace, on Tuesday, during which the State’s General Budget for the fiscal year 2018 was approved. King Salman bin Abdulaziz Al Saud addressed the nation, announcing
Saudi budget: Revenues up, deficit down in second quarter
:: Saudi Arabia’s Finance Ministry announced the kingdom’s second quarter budget performance on Sunday, the highlight of which was a 6 percent rise in revenues from last year to SAR 163.9 billion ($43.7 billion). The ministry said the results confirm
Saudi budget to be announced today
Saudi Arabia will today unveil its annual budget statement, which is expected to outline a series of tough measures designed to put the Kingdom on the road to achieving financial balance by 2020. Subsidy cuts, rationalized spending and new fees
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