Friday 29 March 2024
 
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expenditure

UAE government expenditure tops $13 billion in 2017

The actual expenditure of UAE federal government departments amounted to Dh48.572 billion ($13.22 billion) during 2017, with a 100 per cent execution rate, according to the financial performance report issued by the Ministry of Finance.

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ME outbound travel expenditure to reach $165bn

Expenditure on outbound travel from the Middle East is expected to reach $165.3 billion by 2025, according to the World Travel and Tourism Council. Highlighting the buoyant outbound travel market, another report, issued by the Uni

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UAE government to cut spending amid low oil

The cabinet of the United Arab Emirates approved a slightly smaller federal budget for 2016, state news agency WAM reported on Sunday, in a sign that the country is curbing expenditure because of low oil prices. Next year

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Subsea vessel operations expenditure to hit $98bn

The global subsea vessel operations expenditure is set to reach $97.7 billion between 2016 and 2020, said a report by Douglas-Westwood (DW), a leading provider of market research and consulting services to the energy industry worldwide.

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Bahraini MPs urging major changes to budget

Bahrain’s National Assembly has made drastic changes to the proposed budget, including increasing housing spending by BD240 million ($632.2 million) and reducing the government’s recurring expenditure by BD850 million.

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Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o

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Oilfield services spend to rise 47pc

Global oilfield services (OFS) expenditure is forecast to increase 47 per cent from $354 billion in thi year to $521 billion in 2018, according to Douglas-Westwood’s (DW) new World Oilfield Services Market Forecast.  &n

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Bahrain’s revenues surge 20pc to top $7.8bn

Bahrain's overall revenues soared by 20 per cent last year to top BD3.03 billion ($7.81 billion), beating the forecast figures by BD511.3 million, a report said. The positive trend was revealed as HRH Prime Minister Prince Kha

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Bahrain’s revenues surge 20pc to top $7.8bn

Bahrain's overall revenues soared by 20 per cent last year to top BD3.03 billion ($7.81 billion), beating the forecast figures by BD511.3 million, a report said. The positive trend was revealed as HRH Prime Minister Prince Kha

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Saudi project capex to hit $71bn

The capital expenditure for the upcoming projects in Saudi Arabia is poised to hit SR269.7 billion ($71.6 billion) in 2013, registering a modest two per cent increase over SR264 billion last year, said a report. The government&rsq

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