Special to WorldTribune.com As trade and investment are set to pour into Iran, and oil pours out, Saudi media are reporting on widespread unease within the Kingdom over the lifting of international sanctions on Teheran. The al-Jazirah daily’s cartoonist drew an incarnation of American capitalism in striped trousers and top hat carrying a bottle marked “sanctions,” from […]
Special to WorldTribune.com Facing record budget shortfalls as the price of oil continues to plummet, Saudi Arabia announced it would slash its budget and issue more bonds. According to figures released by the International Monetary Fund (IMF), the kingdom’s budget deficit will hit a staggering $130 billion (U.S.) this year. Based on the IMF’s forecast […]
