The Business Times
business-time-50
SUBSCRIBERS

Saudi king in post-coronation giveaway

It is estimated that he would have given US$32b to ordinary Saudis

google-preferred-sourceAdd BT as a preferred source
Published Fri, Feb 20, 2015 · 09:50 PM

    Riyadh

    EUROPEAN leaders are still battling over austerity. The US Congress is gearing up for another fight over the budget. But in Saudi Arabia, there are no such troubles when you are the king - and you just dole out billions and billions of dollars to ordinary Saudis by royal decree.

    Not surprisingly, Saudis are very happy with their new monarch, King Salman.

    Saudi Arabia

    TRENDING NOW

    Previous offers for Automobile Megamart's lease renewal had lapsed as the subsidiary proprietors failed to come to a consensus.

    Car dealers submit S$68 million for renewal of Automobile Megamart’s lease

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

    That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

    US President Trump with Chinese President Xi while leaving after a visit to the Zhongnanhai Garden in Beijing on May 15.

    Trump leaves Beijing with few wins but warm words for Xi

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More