Sunday 28 December 2014
 
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Budget

Saudi’s high-spending budget ‘vital for growth’

Saudi Arabia’s budget for the 2015 fiscal is another expansionary budget with spending maintained at a very high level which will play a vital role in supporting the economy, a report said. For the first time since 2011, a fiscal

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Iraqi cabinet approves $103bn budget for 2015

Iraq's cabinet has approved a draft 2015 budget worth 123 trillion dinars ($103 billion) at the free market rate) which was made possible by better ties between Baghdad and the autonomous Kurdish region, but was constrained by plunging oil p

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Saudis to spend heavily in 2015 budget, shrug off oil plunge

Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first detailed look at how the world's top oil exporter aims to handle an era of

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Saudi plans to raise spending in 2015 budget, run deficit

Saudi Arabia plans to raise government spending by 0.6 per cent to a record high next year while covering a large budget deficit due to plunging oil prices with its huge fiscal reserves, the Ministry of Finance said on Thursday. S

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Saudi 2015 budget expected to raise spending marginally

Saudi Arabia's 2015 state budget is expected to raise spending marginally from this year's original plan while covering a deficit due to sliding oil prices with the kingdom's huge fiscal reserves, a Saudi newspaper reported on Tuesda

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Gulf may stay firm on hopes for oil, Saudi budget

Gulf stock markets may stay firm on Monday after two days of strong gains, buoyed by hopes that oil prices have found at least a short-term floor and that Saudi Arabia will announce a 2015 budget that includes heavy government spending.

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Dewa approves $6.23bn budget for 2015

Dubai Electricity & Water Authority (Dewa) has approved a total budget of Dh22.9 billion ($6.23 billion) for the upcoming year compared to Dh20.6 billion ($5.6 billion) in 2014. The new budget ensures a reliable supply of elec

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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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