Reform call: Kuwait income drops 60%

Updated 28 October 2015
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Reform call: Kuwait income drops 60%

KUWAIT CITY: Kuwait’s Emir Sheikh Sabah Al-Ahmad Al-Sabah has called on officials to seek alternative revenue sources and reduce public expenditure after state income dropped 60 percent due to a sharp slide in crude prices.
Addressing Parliament at the beginning of its new term, he urged citizens to understand the new measures. “The decline in global oil prices has caused state revenues to drop by around 60 percent while spending remained without any reduction leading to a huge deficit,” the Ruler told lawmakers. He called for “speedy actions to adopt serious and fair measures to complete economic reforms... and reduce public expenditures.” “Any delay would only increase the budget deficit and make the cost (of reforms) higher,” the emir said.
Oil prices have lost around 60 percent of their value since June 2014, hitting the coffers of energy-dependent countries like Kuwait.


Cirque du Soleil heads to Saudi in special one-off show

Updated 11 September 2018
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Cirque du Soleil heads to Saudi in special one-off show

  • More than 80 artists will take the stage at the King Fahd International Stadium for the show
  • About 250 costumes have been specially made to respect local traditions

MONTREAL: Cirque du Soleil will stage a show in Saudi Arabia for the first time later this month, the high-flying acrobatic troupe announced Monday.
The show will take place in the Saudi capital on Sept. 23 to coincide with the country's national day, public relations director Marie-Helene Lagace told AFP.
More than 80 artists will take the stage at the King Fahd International Stadium for the show, which will also be shown on Saudi state television. Cirque says it will be one of its biggest one-off productions ever.
About 250 costumes have been specially made to respect local traditions and conform to "the artistic standards for which we are known," Lagace said.
The announcement of Cirque du Soleil's appearance in Saudi Arabia was first made in Los Angeles in April, Lagace noted. But it was unclear whether the show would go on given the diplomatic tensions.
At the behest of Crown Prince Mohammed bin Salman, Saudi Arabia has reopened movie theaters and allowed women and men to attend some concerts together.