Friday 29 May 2015
 
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Spending rethink 'vital for subsidy cuts plan'

Bahrain’s government has been asked to justify its planned public spending in the budget for 2015 and 2016, as parliament and the Shura Council seek alternatives to subsidy cuts. Both chambers of the National Assembly yester

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Alternatives to subsidy cuts urged in Bahrain

Alternatives to subsidy cuts must be found as Bahrain seeks to rein in public spending, a joint meeting of MPs and Shura Council members announced yesterday (May 24). Shura Council financial and economic affairs committee chairman

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Bahrain plans $3.7bn subsidies for 2015-16

Bahrain’s government is planning to spend BD1.4 billion ($3.7 billion) on subsidies this year and next, it has emerged. The figure is included in official documents detailing the national draft budget for 2015 and 2016, whic

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Mideast state spending throws lifeline to oilfield services

Oil majors may have slashed capital spending but national oil companies (NOCs) in the Middle East and North Africa show no sign of cutting investment, buoying oilfield services that the stock market has beaten down. Investors sold

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Key financial system helps avoid budget overspending

Bahrain’s Finance Ministry has said its Central Financial System (CFS) enables the avoidance of spending that exceeds allocated budgets. In a statement, the ministry said other benefits of the system include cost savings, av

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Saudi Arabia’s manufacturing sector IT spend to grow 7.5pc

Information technology (IT) spending in Saudi Arabia is increasing at the fastest rate across all countries in Central Europe, the Middle East, and Africa (Cema) region, according to the latest insights released today by International Data Corpo

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Saudi Arabia’s manufacturing sector IT spend to grow 7.5pc

Information technology (IT) spending in Saudi Arabia is increasing at the fastest rate across all countries in Central Europe, the Middle East, and Africa (Cema) region, according to the latest insights released today by International Data Corpo

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Mideast investors to spend $180bn in global real estate markets

Middle Eastern investors are set to spend $180 billion in global commercial real estate markets in the next 10 years, according to leading real estate consulting firm CBRE’s recent report. The ‘Middle East: In and Out&

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Saudi telecom, IT spending to hit $28bn

Saudi Arabia’s telecom and IT spend is set to reach SR108.7 billion ($28.9 billion) this year, an increase of six per cent as compared to SR102.6 billion last year, said a report. An IDC market research firm study found that

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Sharp rise in Qatar infrastructure spending

Qatar's spending on infrastructure projects showed a sharp rise last fiscal year, with country accelerating the pace of work on 2022 World Cup projects.  

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