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Kuwait announces $21.6bn budget deficit for 2018-2019Kuwait has announced a state budget for the 2018-2019 period with a deficit of KD6.5 billion ($21.6 billion). The deficit was estimated following the deduction of allocations for 'Future Generations Fund,' said the country More… |
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Kuwait to raise gasoline prices by 73pc from SeptKuwait is to increase the prices of gasoline by as much as 73 per cent from September, showing how the oil price slump is affecting the energy-rich Gulf state's finances. Oil-exporting states around the Gulf are reducing subsi More… |
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Qatar sees at least three years of budget deficitsQatar's government expects to run a budget deficit for at least three years as low natural gas and oil prices weigh on its revenues, the Ministry of Development Planning and Statistics said on Saturday. In a long-term report o More… |
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Egypt eyes 9.8pc budget deficit for 2016-2017The Egyptian government is targeting a budget deficit of 9.8 per cent for 2016-2017 and 9 per cent for the following year, the planning minister said in a news conference on Saturday. Ashraf Al Araby also said his government is ta More… |
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Saudi to sell domestic bonds on MondayThe Saudi Arabian government plans to sell five-, seven- and 10-year, fixed-rate riyal bonds next week to finance its budget deficit, a banker aware of the transaction said on Thursday. The five-year bonds will be offered at 58-63 More… |
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Egypt targets higher growth, deficit reductionEgypt promised tough action to restore growth with a government programme that aimed to reduce the budget deficit while protecting the poor as public anger mounts over a deteriorating economy. Prime Minister Sherif Ismail, reading More… |
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Saudi Arabia presents plan to move beyond oilSaudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeti More… |
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Saudi Arabia presents plan to move beyond oilSaudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeti More… |
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Oman plans 27pc budget deficit cutOman's government plans to cut its budget deficit to RO3.3 billion ($8.6 billion) this year from an actual RO4.5 billion ($11.6 billion) last year, partly through big spending cuts, Financial Affairs Minister Darwish al-Balushi said on Frida More… |
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Kuwait to study raising fees for servicesKuwait's government is studying whether to raise fees for its services, Finance Minister Al-Al-Saleh said in comments published by the local Al-Rai newspaper on Sunday. Al-Saleh said the study was part of a project to More… |
