Gulf Times - cost-cutting
Jet Airways confident despite reports cash running out

Jet Airways confident despite reports cash running out

Jet Airways had told pilots it had enough cash left to keep operating for just 60 days and would need to put in place cost-cutting measures including pay cuts.

Saudi Arabia projects $53bn deficit in 2017

Saudi Arabia projects $53bn deficit in 2017

Saudi Arabia on Thursday projected a 2017 budget deficit of about $53bn and a lower than expected shortfall for this year after government cost-cutting in response to lower oil prices.