E-PaperPurge News
Saudi Arabia seizes over $100 billion in corruption purge
Saudi Arabia has arranged to seize more than $100 billion through financial settlements with businessmen and officials detained in its crackdown on corruption
3 min read30 Jan 2018Saudi Prince released after $1 billion deal, says official
Prince Miteb, one of the most senior Saudi royals detained in the kingdom's declared crackdown on corruption, has been released after reaching a $1 billion settlement deal
2 min read29 Nov 2017Saudi crown prince calls Iran’s supreme leader ‘new Hitler of the Middle East’
Saudi Arabia and its arch rival Iran have traded a bitter war of words after a missile fired from Yemen was intercepted near Riyadh airport on 4 November
1 min read24 Nov 2017Emaar Development, the biggest Dubai IPO in 3 years, has worst debut since 2014
Emaar Development PJSC fell 4.3% on market debut Wednesday as geopolitical risk in the Middle East took a toll
1 min read23 Nov 2017Saudi Arabia makes further anti-graft arrests, say reports
Saudi Arabian authorities have made further arrests in an anti-corruption crackdown on the kingdom's political and business elite
2 min read8 Nov 2017Sensex falls most in six weeks on surging oil prices
Sensex tumbled 360 points to end at 33,370.76 as wary investors booked profits amid fears of a flare-up in crude oil prices following the shakedown in Saudi Arabia
3 min read8 Nov 2017Oil’s signs of life
The power struggle in the Saudi royal family comes at a time when global crude oil prices had already begun to inch up
1 min read6 Nov 2017US shale oil trumps risk of supply shock after Saudi Arabia purge
The oil market is more concerned about US shale supplies than any repercussions from a crackdown that's enveloped royals and billionaires in Saudi Arabia
2 min read6 Nov 2017Saudi Purge: Kingdom Holding tumbles after chairman Prince Alwaleed bin Talal’s arrest
Kingdom Holding shares fell as much as 9.9% at the open in Riyadh and closed 7.6% lower, the lowest since June 201
1 min read5 Nov 2017Holding the state to account
Every society offers a unique context in which strategies must be designed for citizens to hold the state to account
3 min read28 Jul 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared