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People & Profit

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.

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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. 
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