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SAUDI BUDGET 2021
How Hollywood actors Anthony Mackie, Ben Kingsley’s Saudi film lost 99.6% of its budget and became the biggest flop ever? Guess the movie nameSaudi Arabia's ambitious historical action film, Desert Warrior, starring Hollywood actors like Anthony Mackie and Ben Kingsley, has become...- India 2nd largest importer of arms in 2021–25, accounted for 8.2% of global arms receipts, think tank saysIndia ranks as the world's second largest arms importer. The nation is increasingly sourcing weapons from Western countries like France, Is...
- Budget 2025: Import of copper scrap may soon turn duty freeUnion Budget: The Indian government is considering the removal of the 2.5% concessional basic customs duty on copper scrap to benefit domes...
- Saudi Aramco net profit drops broadly as expected, shares inch upNet profit fell to $32.6 billion for the quarter to Sept. 30, above the $31.8 billion expected by 12 analysts in a company-provided forecas...
- What is Saudi Arabia's bigger plan as the kingdom bets billions on Messi, Ronaldo?Saudi Arabia wants tourism to account for 10% of its gross domestic product in 2030 and and expert says sport is essential to what the king...
- India world's fourth largest defence spender in 2022, says reportIndia's defence spending has increased by around six per cent, making it the world's fourth largest military spender in 2022, according to ...
- Chinese banks agree to refinance cash-strapped Pakistan with USD 2.3 billion funding: ReportThe agreement with Chinese banks is expected to bolster the reserves and enable the country to make import payments while lending some supp...
- Saudi Arabia expects 2022 budget surplus after years of deficit"The surpluses will be used to increase government reserves, to meet the coronavirus pandemic needs, strengthen the kingdom's financial pos...
- How Saudi Arabia’s NEOM aims to be Bollywood’s next powerhouse production partnerA sustainable proposition, NEOM is delivering targeted vocational education to develop world-class talent; support entrepreneurs with start...
- India third-largest military spender after the US and ChinaIndia’s annual military expenditure, of course, includes a huge pension bill for 33-lakh million veterans and defence civilians. In the 202...
- Saudi Arabia's $7 trillion investment goal puts spotlight on oil pricesA multi-trillion dollar spending push designed to diversify the economy's sources of income will require state companies to cut the dividen...
- 52% millennials keen on flying out of country for holiday this summer, says surveyMost people would prefer to go to foreign destinations with fewer Covid-19 cases.
- Saudi Arabia plans spending cuts to trim deficit amid virusThe kingdom expects its deficit to hit USD 79.4 billion this year, according to a government budget statement released late Tuesday, an est...
- Saudi Arabia 2021 budget: Spending cut announced after deficit spike on oil, COVID-19Saudi Arabia expects the economy to shrink by 3.7% this year but to swing back to a 3.2% growth next year. Saudi Finance Minister Mohammed ...
- Saudi Arabia to get sovereign wealth fund dividend, has no tax hike plan: FinMin"We called for part of the dividends, so we are possibly going to receive around 15 to 25 billion Saudi riyals in dividends from PIF," Fina...
- OPEC+ opens talks on whether to extend oil cuts or gradually hike outputOPEC+ had been due to ease existing production cuts by 2 million barrels per day (bpd) from January 2021, but a second coronavirus wave has...
- Saudi oil market share set to hit highest since 1980s: JP MorganOil prices have plunged more than 40 per cent this year after an unprecedented collapse in demand.
- Saudi Arabia to end voluntary cuts on top of Opec+ pactOpec+ agreed on Saturday to extend record output cuts of 9.7 million barrels per day into July.
- Saudi Arabia triples taxes, cuts $26B in costs amid pandemicSaudis tripled taxes on basic goods and cut spending by $26 billion to stave off a Covid impact.
- Producer’s fiscal break-even a key factor in setting oil pricesThe breakeven prices for the OPEC are $10-15 per barrel higher than those for pvt oil co.
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