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GCC construction outlook bright despite spending cutsThe outlook for construction companies in the GCC is poised to improve in 2017, as the region still offers significant opportunities for construction companies, said a report. The region’s strongest markets over the past 12 More… |
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GCC liquidity crunch ‘to slow economic growth’Tightening liquidity will continue to pose imminent challenges to GCC economies according to the latest CFA member societies survey, which gauged the opinions of CFA members and charterholders in the Middle East. The survey reveal More… |
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Iraq oil projects face delays as companies resist spending cutsInternational oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday. Oil companies helping Ir More… |
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Saudi eyes spending cuts, new revenue sourcesSaudi Arabia's government is expected to announce spending cuts and a drive to raise revenue from new sources as it lays out a strategy to cope with an era of cheap oil, people familiar with Saudi policy-making said. Markets i More… |
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Bahrain approves 30pc spending cutsBahrain has approved short and medium-term measures to reduce government expenditures by 30 per cent and improve efficiency, a report said. His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Comman More… |
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Bahrain plans new spending cutsBahrain’s government is gearing up to make additional spending cuts, with a new cap on borrowing approved by MPs referred to His Majesty King Hamad for ratification. It follows parliament’s belated approval of a law fi More… |
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Oman mulls spending cuts, tax rises as oil tumblesAn advisory body to Oman's government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope with the hit to state revenues from the plunge in oil prices. Oman has run a More… |
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The age of austerity is endingWhisper it softly, but the age of government austerity is ending. It may seem an odd week to say this, what with the US government preparing for ind More… |
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China warns US debt idea is 'playing with fire'US Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday. The idea of a technical default -- essent More… |
