How Saudi Arabia plans to shake up its economy!
The National Transformation Plan (NTP), as Riyadh has dubbed the changes, is expected to be unveiled in the next few weeks. Much is still secret. Ministries have refused to discuss plans in detail and Western consultancies contacted by Reuters declined to confirm their involvement, let alone policy details.
Apr 14, 2016, 16:55 PM IST
Stung by low oil prices, Saudi Arabia makes unprecedented subsidy cuts
Long accustomed to cheap utilities and some of the lowest petrol prices in the world, Saudis woke to a shock on Tuesday as authorities made massive subsidy cuts after falling oil prices caused a record deficit.
Dec 29, 2015, 18:11 PM IST
