In Pictures
This week sees the birthday of Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE. Kipp doesn’t know if he plans a party, but he’d be hard pushed to top these.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Change looms over the energy industry; Rescue from Damascus; Change in the Middle East; Silencing Syria.
Videos
US intelligence network is so massive and so secretive that nobody knows how much it costs.
Last Week's Winner
Indrani Dasgupta
Indrani Dasgupta
Loading ...KSA overspends 2009 budget by 15.8pc
Saudi Arabia announced on Monday it spent 15.8 percent, or SR75.05 billion ($20 billion) over its 2009 budget of SR475 billion ($126.7 billion), Al Arabiya TV reports.
The nation also announced that next year’s revenue forecast is at SR470 billion ($125 billion), while its 2010 budget is set at SR540 billion ($144 billion), resulting in a possible deficit of SR70 billion ($18.7 billion).
Saudi Arabia posted its first deficit in eight years in 2009 due to a dramatic drop in revenue to SR505 billion ($134.6 billion).
Royal Jordanian swings to H1 loss on operating costs
H1 net loss 7.2 mln dinars vs H1 2009 net profit 7.75 mln.
H1 net loss 7.2 mln dinars vs H1 2009 net profit 7.75 mln.
Tags: budget, overspending, Saudi.
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