Wednesday 23 April 2014
 
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Budget

India plans to borrow $61 billion

India will borrow a gross 3.68 trillion rupees ($61.4 billion) in the first half of the fiscal year that begins on April 1, or 61.6 per cent of the full-year target, Arvind Mayaram, the country's economic affairs secretary, said yesterday.

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Qatar to allocate more to non-oil sectors

Qatar’s general budget for 2014-15 will have a higher allocation for infrastructure, logistics, education and health sectors, as it diversifies its economy away from hydrocarbons, said a report.   The Finan

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Kuwait eyes $77bn budget spending in 2014-15

Kuwait government's total spending is likely to hit KD21.7 billion ($77 billion) in its draft budget for 2014/ 15, up from KD21 billion in FY13/14, according to a report. The draft budget for fiscal year 2014/15 (April to Marc

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Sharjah approves $4.2bn budget for 2014

Sharjah's ruler Dr Sultan bin Muhammad Al Qasimi has approved a Dh15.4 billion ($4.2 billion) budget plan for 2014, up nearly 7 per cent compared to Dh14.5 billion last year. The spending boost by Dr Sultan, who is also the UA

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Orascom resort to launch 'green' transport

Orascom Development has joined hands with Ezz Elarab Automotive Group, the sole agent for Budget Rent a Car in Egypt, to introduce its eco-friendly transport solutions at its flagship resort, El Gouna in Cairo. This is the first t

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Iran president gets approval for $319bn budget

The first state budget proposed by Iranian President Hassan Rouhani has sailed through parliament, handing him a political victory as he seeks to build domestic support for international negotiations on the country's nuclear programme.

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Iran president gets approval for $319bn budget

The first state budget proposed by Iranian President Hassan Rouhani has sailed through parliament, handing him a political victory as he seeks to build domestic support for international negotiations on the country's nuclear programme.

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Buying binge by budget carriers can end

Low-cost carriers are flying high in Southeast Asia on the back of sharp growth in air travel, but as hundreds of new jets swarm into the region concerns are rising about its ability to absorb the record numbers of planes on order.

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Kuwait 9-month budget surplus down to $50bn

Kuwait's budget surplus narrowed by 11 per cent in the first nine months of its fiscal year as spending rose and oil revenues dipped slightly, provisional figures from the finance ministry showed on Sunday. The trend in spendi

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Qatar capital spending ‘well above budget’

Qatar will record a budget surplus in the 2013-2014 fiscal year despite a large increase in public spending, said a report. The budget surplus is expected to end the fiscal year at 3.9 per cent of GDP to extend a large positive ba

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