Saudi Arabia announced a 1.02 trillion riyal ($272bn) budget for 2020 with revenues forecast at 833 billion riyals ($222.1bn). The Kingdom’s finance minister, Mohammed al-Jadaan, attributed lowered spending to the success achieved in empowering the private sector and realizing efficiency in spending. In statements made on controlling the deficit during…

Saudi Aramco's listing will boost the Kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure foreign capital, said Finance Minister Mohammed al-Jadaan. Aramco's shares surged the maximum permitted 10% on their Riyadh…

The Canadian dollar’s outperformance this year stunned many, but strategists are not expecting a repeat in 2020 -- casting doubt on its run as one of the best major currencies.

Saudi Arabia will earmark less money for subsidies, social benefits and the military, embarking on three years of spending cuts as the government looks to private businesses to pull a greater load in channeling investment.

Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market in a dramatic debut that held until closing and pushed its value up to 1.88 trillion dollars (£1.43 trillion), surpassing Apple as the largest listed company in the world.

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, hailed on Monday the speech by Custodian of the Two Holy Mosques King Salman bin Abdulaziz on the occasion of the unveiling of the Kingdom’s 2020 budget. The Crown Prince stressed that the economic transformation that has…