Saturday 1 October 2016
 
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expenditure

UAE government to cut spending amid low oil

The cabinet of the United Arab Emirates approved a slightly smaller federal budget for 2016, state news agency WAM reported on Sunday, in a sign that the country is curbing expenditure because of low oil prices. Next year

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Subsea vessel operations expenditure to hit $98bn

The global subsea vessel operations expenditure is set to reach $97.7 billion between 2016 and 2020, said a report by Douglas-Westwood (DW), a leading provider of market research and consulting services to the energy industry worldwide.

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Bahraini MPs urging major changes to budget

Bahrain’s National Assembly has made drastic changes to the proposed budget, including increasing housing spending by BD240 million ($632.2 million) and reducing the government’s recurring expenditure by BD850 million.

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Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o

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Oilfield services spend to rise 47pc

Global oilfield services (OFS) expenditure is forecast to increase 47 per cent from $354 billion in thi year to $521 billion in 2018, according to Douglas-Westwood’s (DW) new World Oilfield Services Market Forecast.  &n

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Bahrain’s revenues surge 20pc to top $7.8bn

Bahrain's overall revenues soared by 20 per cent last year to top BD3.03 billion ($7.81 billion), beating the forecast figures by BD511.3 million, a report said. The positive trend was revealed as HRH Prime Minister Prince Kha

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Bahrain’s revenues surge 20pc to top $7.8bn

Bahrain's overall revenues soared by 20 per cent last year to top BD3.03 billion ($7.81 billion), beating the forecast figures by BD511.3 million, a report said. The positive trend was revealed as HRH Prime Minister Prince Kha

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Saudi project capex to hit $71bn

The capital expenditure for the upcoming projects in Saudi Arabia is poised to hit SR269.7 billion ($71.6 billion) in 2013, registering a modest two per cent increase over SR264 billion last year, said a report. The government&rsq

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Saudi Electricity 2013 capex near $10bn

Saudi Electricity Company (SEC) will have capital expenditure needs of nearly $10 billion next year, a senior executive said on Tuesday, and the state-controlled utility may tap debt markets to raise some of the funds. SEC, the Gu

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Mena IT spending to top $20bn in 2012

The Middle East region’s expenditure on Information Technology (IT) is poised to cross $20 billion in 2012 registering a growth rate of over 10 per cent, on the year on-year average, according to a report. The network securi

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