Saudi Arabia posts record $98 bn budget deficit for 2015

Courtesy Of The News International RIYADH: Saudi Arabia´s government ran a record budget deficit of 367 billion riyals ($97.9 billion) in 2015 because of low oil prices, the Council of Economic and Development Affairs said on Monday.  The deficit is “considered an acceptable figure” under the circumstances, with oil languishing at multi-year lows, Hindi bin Abdullah…

Uncapped Bumrah to replace Shami in India T20 squad

Courtesy Of The News International MUMBAI: Fast bowler Jasprit Bumrah will replace injured Mohammed Shami in India´s squad for the three Twenty20 internationals against Australia, the country´s cricket board said on Monday. The 25-year-old has not played international cricket since finishing as India´s second-highest wicket taker at last year´s World Cup with 17 victims. Bumrah…