Saudi Arabia’s Finance Ministry announced on 25 December that government revenue is projected to fall by 32 per cent and public spending by 22 per cent in 2015, confirming that Saudi Arabia is anticipating a lengthy period of lower oil…
Day: December 26, 2014
Year of disasters, disappointment and drama for the Middle East
For the people of the Middle East, it’s been a year dominated by disasters, disappointment and drama. The disasters were numerous and included the fall of Mosul, Iraq’s second largest city, to the Islamic State (IS) in June, continuing humanitarian…