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Dubai's 2014 budget sees deficit falling by 41pcDubai's ruler, Sheikh Mohammed bin Rashid al-Maktoum, has approved a 2014 budget plan for the emirate which envisages the deficit shrinking 41 per cent from the planned level for 2013, UAE state news agency WAM said on Monday. More… |
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Jordan to raise state spending in 2014 with Gulf helpJordan has set projected state expenditure at 8.1 billion dinars ($11.4 billion) for 2014, raising spending by 12.8 percent overall as it puts to work $5 billion in grants from oil rich Gulf states, the state news agency said on Thursday. More… |
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Oil, state spending to boost Gulf economiesPolitical unrest in the Gulf threatens private sector spending and investment but thanks to high oil prices, governments have enough financial firepower to prevent their economies from slowing sharply, say analysts. Protests have touched m More… |
