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BUSINESS DAILY

Federal Reserve hikes interest rates, raises forecast

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EYE ON AFRICA

Saudi Arabia and UAE pledge €130M for G5 Sahel Joint Force

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THE INTERVIEW

‘Trump still committed to a two-state solution,’ says Saudi Foreign Minister Jubeir

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THE DEBATE

How to patrol the Sahara? The challenges facing G5 Sahel joint force

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ENCORE!

Film show: 'Star Wars, The Last Jedi'

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THE INTERVIEW

Evo Morales: US exit from Paris accord is 'unforgivable'

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FOCUS

Niger's Agadez: Pearl of the Sahara turned migrant hub

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FOCUS

Spain's Tagus river is drying up

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MIDDLE EAST MATTERS

'Looking for Oum Kulthum': Breaking the glass ceiling in the art world

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PEOPLE & PROFIT

The business show that goes beyond the numbers and the corporate jargon! Stephen Carroll breaks down major business stories and looks at how they affect our lives. Thursday at 4.15 am Paris time.

Latest update : 2016-04-28

Coping with cheap oil: Gulf countries cut spending as oil revenue drops

Saudi Arabia has unveiled an ambitious plan that begins to wean the country off oil money, this through new taxes and selling a small stake in the state-owned oil firm Aramco. The price of oil is still less than half of what it was 18 months ago - and difficult decisions are being made in many Gulf countries that are facing budget shortfalls.

Also in this programme:

  • Alexandre de Juniac is stepping down as Chief Executive of Air France-KLM in August. He's led the carrier through painful cost-cutting and oversaw a return to profit in 2015. What challenges will the new boss of the airline group face?
     
  • Plus, cashing out in Sweden - we look at how the Scandinavian country is moving closer to a future without notes and coins. 

By Stephen CARROLL , Will HILDERBRANDT , Farah BOUCHERAK

Our guests

David ELMES

Head of Global Energy Research, Warwick Business School

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Archives

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2017-11-30 economy

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2017-11-23 Japan

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2017-11-16 Brexit

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2017-11-09 technology

Web Summit 2017: Privacy vs security

In this special edition of People & Profit, we're at the web summit in Lisbon, one of the world’s biggest technology conferences. Stephen Carroll speaks to the founder of...

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