Monday 22 December 2014
 
»
Tag
 
»
Spending

Major Saudi projects 'not at risk' despite budget cuts

Major infrastructure projects in Saudi Arabia, such as the $22.5-billion plan to build a metro rail system in Riyadh, should not be at risk despite expected budget cuts due to the plunging oil prices, said analysts. The spending cuts ar

More…

Saudi set for tighter 2015 budget

Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. The government gets about 90 per

More…

Saudi set for tighter 2015 budget

Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. The government gets about 90 per

More…

Chinese globetrotters splash out $129bn overseas

More than 98 million Chinese tourists travelled abroad last year, an 18 per cent increase from the previous year, spending a whopping $128.7 billion overseas, up 26.8 per cent on the year before. More than half of China's outb

More…

Big spending spurs British economy

Big-spending Britons powered the economy in August as they became more confident about the recovery and their finances, though mixed house price data suggested the outlook for the property market was less clear-cut. Consumer confi

More…

IMF to loan $560m to Yemen

Yemen has reached agreement with the International Monetary Fund on a $560 million loan, the finance minister said on Friday, after the government cut fuel subsidies and ordered curbs on public spending. The second poorest Arab country

More…

Middle East set for big infrastructure spend

The Middle East capital projects and infrastructure industry is seeing renewed optimism, with 75 per cent of respondents expecting an increase in spending in the coming 12 months, according to a survey. This is largely driven by m

More…

UAE likely to cut fiscal spending: IMF

The UAE is likely to cut its fiscal spending further in 2014 as the oil and real estate-powered economy is growing strongly and private credit growth is recovering, the IMF said. "The combined federal and emirate budgets impl

More…

Saudi world's 4th biggest defence spender

Saudi Arabia has emerged as the world’s fourth largest spender on national defence with the kingdom increasing its annual defence expenditure by $16 billion over the last five years, said a report. Saudi’s increasing d

More…

Chinese military spending tops $145bn

China's military spending exceeded $145 billion last year as it advanced a program modernising an arsenal of drones, warships, jets, missiles and cyber weapons, the Pentagon said on Thursday, offering a far higher figure than Beijing's o

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads