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UAE government expenditure tops $13 billion in 2017The 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. More… |
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ME outbound travel expenditure to reach $165bnExpenditure 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 More… |
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UAE government to cut spending amid low oilThe 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 More… |
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Subsea vessel operations expenditure to hit $98bnThe 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. More… |
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Bahraini MPs urging major changes to budgetBahrain’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. More… |
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Qatar spending up 13pc, slowest in 11 yearsQatar'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 More… |
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Oilfield services spend to rise 47pcGlobal 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 More… |
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Bahrain’s revenues surge 20pc to top $7.8bnBahrain'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 More… |
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Bahrain’s revenues surge 20pc to top $7.8bnBahrain'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 More… |
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Saudi project capex to hit $71bnThe 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 More… |
