No clear economic turnaround as factory output and retail sales slump
No clear economic turnaround as factory output and retail sales slump
Dh300b projects show determination to be a leader.
Nation surpasses China as world's fastest growing major economy.
The 2016 budget plan aims to cut deficit to 326 billion riyals.
The 2016 budget may contain significant changes in spending and revenue policy as Saudi Arabia adapts to low oil prices.
After strong start to 2015, equities pull back on several global economic cues.
The US currency is headed for its biggest monthly loss since June after the Federal Reserve raised its target from near zero on December 16.
Analysts urge spending reform while economy in good shape
The prior week's claims were revised to show 1,000 more applications received than previously reported.
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Sellers refusing to budge on valuations despite slumping crude prices