Saturday 20 December 2014
 
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Budget

Bahraini women may lose jobs after budget cuts

Women hired under a graduate recruitment scheme in Bahrain face losing their jobs because of budget constraints, according to a senior unionist. The General Federation of Bahrain Trade Unions (GFBTU) has received several complaint

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Saudi king announces major pre-budget reshuffle

Saudi Arabia's King Abdullah appointed new ministers for health, higher education, transport, agriculture, information and Islamic affairs on Monday as part of the kingdom's broadest reshuffle of second-tier posts in years.

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Iraqi govt reaches deal with Kurds on oil, budget

Iraq's government reached a formal agreement on Tuesday with Kurdish regional authorities to end a protracted dispute over oil exports and budget payments to the semi-autonomous Kurdish region. Finance Minister Hoshiyar Zebari

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Iraq says failing oil prices force rethink of 2015 budget

Falling oil prices have forced Iraq to scrap the draft 2015 budget it planned to present to parliament, Prime Minister Haidar Al Abadi told lawmakers.   The budget had been b

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Oman considers spending cuts, tax rises as oil tumbles

An advisory body to Oman's government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope with the hit to state revenues from the plunge in oil prices.  

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Syria to increase spending by 12pc in 2015

Syria's state spending is expected to rise 12 per cent to 1.55 trillion Syrian pounds ($9.10 billion) next year, driven by higher social support costs, state news agency Sana reported citing a draft budget presented to lawmakers on

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Qatar budget spending falls 6.6pc in fiscal Q1

Qatar's government spending fell 6.6 per cent from a year ago to QR38.8 billion ($10.7 billion) in the first quarter of the current fiscal year, while revenue soared to a record high, central bank data showed. The central bank

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Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found. The oil price dro

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UAE cabinet approves $13.36bn budget for 2015

The UAE Cabinet has adopted the draft union budget for 2015 which envisages an expenditure of Dh49.1 billion ($13.36 billion), an increase of Dh2.9 billion (6.3 per cent) compared to the financial year 2014. UAE Vice President and

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Bahrain to start work on big housing project in 2015

The work on Al Ramli housing project in Bahrain is likely to start early next year on finalising budget procedures, said a report. The massive development project includes more than 3,500 housing units to cater to old applicants f

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