Saudis reel from austerity drive after oil-rich 'magic decade'

Business May 15, 2020

Saudis reel from austerity drive after oil-rich 'magic decade'

Juggling two mortgages and part-time jobs, Saudi academic Abdullah finally came close to building his own home, but the kingdom's coronavirus-triggered austerity drive has dealt a crushing blow to his dreams. Saudi Arabia has announced a tripling of its value added tax from July and ...

Senior Saudi princes held for alleged treason

World Mar 7, 2020

Senior Saudi princes held for alleged treason

Saudi Arabian authorities have detained a brother and a nephew of Saudi King Salman bin Abdul-Aziz al-Saud Salman and accused them of treason, according to a person familiar with the matter — a move that extends a series of crackdowns on royal relatives by ...