Friday 30, December 2011 by Robin Amlôt

Saudi Budget 2012 expansionary but still conservative

Saudi Arabia’s 2012 budget projects revenues of SAR 702 billion ($187.2 billion) and expenditure of SAR 690 billion ($184 billion), with a small surplus of SAR 12 billion ($3.2 billion), lower than the actual 2011 figures. The fiscal policy stance remains expansionary in both nominal and real terms.

Features & Analyses

Lifestyle A new spin on Gulf style

UAE-based fashion designer Ahmed Abdelrahman is realising his vision to make the kandora and other traditional Gulf staples a part… read more