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Bahrain parliament panel approves budgetBahrain's delayed national budget received the green light from parliament's financial and economic affairs committee yesterday (June 17), a report said. The majority of the eight-member committee, chaired by MP Latifa Al More… |
Bahrain puts allowance hikes on fast trackPension rises and anti-inflation allowances declared in Bahrain will be fast-tracked once the budget law has been passed, according to directives issued by HRH Prime Minister Prince Khalifa bin Salman Al Khalifa. The Premier gave More… |
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Bahrain Shura agrees $554m for needy in budgetBahrain’s Shura Council has approved the draft budget for 2013-2014, which includes BD210 million ($554 million) to support needy families, a report said. The payments to families will be backdated to January, costing the go More… |
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Oman must slash govt spending says IMFOman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International Monetary Fund said on Wednesday. More… |
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Bahrain approves big hike in allowancesBahrain has agreed to increase payouts to around 100,000 needy families in an attempt to end the seven-month impasse on the national budget, a report said. Breadwinners with an income less than BD1,000 ($2,618) will be eligible to More… |
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Bahrain picks banks for dollar bond issueBahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said on Monday, with proceeds likely to be used to plug an expected budget defic More… |
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Bahrain projects ‘delayed by budget snags’Forty-one government projects involving nine ministries are seriously delayed by state budget hiccups and contractors, a report said. Chairing the weekly Cabinet, HRH Prime Minister Prince Khalifa bin Salman Al Khalifa gave instru More… |
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Bahrain budget deficit widens to $601m in 2012Bahrain's budget deficit widened sevenfold in 2012 to 227 million dinars ($601 million), but stayed well below an initial plan as the country reined in spending increases and revenue grew, data showed. The 2012 deficit was muc More… |
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Kuwait's C/A surplus soars to record $77bnKuwait's current account surplus climbed to an all-time high of KD22.2 billion (77.4 billion) in 2012, which is equivalent to 45 per cent of 2012 GDP, said a report. A measure of net international trade in goods, services, fac More… |
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Obama budget cuts deficit $1.1 trillion over decadeNear-term US deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office (CBO) this week but $1.1 trillion lower than what it estimates over the coming decade. More… |
