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Bahrain set for new economic stability programmeBahrain, in collaboration with neighbours Saudi Arabia, the UAE, and Kuwait, is set to announce a new programme designed to strengthen Bahrain's fiscal stability, it was revealed yesterday. Announcing More… |
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Brazil mulls sale of Sao Paulo, Rio airportsBrazil's government will consider selling airports in Sao Paulo and Rio to help to reduce a large fiscal deficit next year, interim President Michel Temer told the Folha de S.Paulo newspaper on Sunday. The paper said that the More… |
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Cheap oil to push UAE into first fiscal deficit since 2009The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE authorities. The UA More… |
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Reforms needed to rein in deficit in Lebanon: Bank AudiStructural reforms need to be implemented by Lebanese authorities to stimulate the economy and reduce the fiscal deficit, and not bank on the decline in oil prices alone, according to a recent report. Bank Audi’s Lebanon Eco More… |
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UAE ‘can keep spending despite plunge in oil prices’The large fiscal reserves which the United Arab Emirates has built up will allow it to keep spending on development projects in coming years despite the recent plunge in oil prices, the economy minister said. Although some people More… |
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Moody's downgrades Bahrain ratingMoody's Investors Service today downgraded Bahrain's government issuer rating by one notch to Baa2 from Baa1, and assigned a negative outlook to the rating. T More… |
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Fiscal muscle gives Saudis oil market optionsA combination of massive currency reserves and a 2013 spending plan based on a conservative oil price projection means Saudi Arabia has considerable flexibility in deciding its oil output policy this year. The world's top oil More… |
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Congress may plunge off fiscal cliffThe "fiscal cliff," a metaphor drawn from nature, was actually created by members of the US Congress, who designed it to be so horrible that they and the president would come to their senses and avert it in the nick o More… |
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UAE nets $10bn budget surplus in 2011The UAE booked a consolidated state budget surplus of Dh36.2 billion ($9.9 billion) in 2011, the country's finance ministry said yesterday, publicly releasing such data for the first time. The ministry said the figure included More… |
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World Bank warns of Palestinian fiscal crisisA fiscal crisis in the aid-dependent Palestinian economy will worsen unless foreign funding increases and Israel eases its restrictions in the occupied West Bank, the World Bank said on Wednesday. More… |
