Wednesday 28 September 2016
 
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budget surplus

Kuwait’s budget surplus narrows to 7.5pc of GDP

Kuwait posted a budget surplus of KD3.5 billion ($11.5 billion) for the fiscal year 2014/15 (FY14/15), marking a drop of an estimated 7.5 per cent of GDP, compared to an average of 24 per cent of GDP during the previous five years, a report said

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Saudi Arabia plans high-profile projects worth $1.1trn

Infrastructure investments worth $1.1 trillion are envisaged on a range of high-profile projects in Saudi Arabia, a report said. These include the Riyadh and Makkah metros, worth $23 billion and $7 billion, respectively, the King

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Saudi Arabia plans high-profile projects worth $1.1trn

Infrastructure investments worth $1.1 trillion are envisaged on a range of high-profile projects in Saudi Arabia, a report said. These include the Riyadh and Makkah metros, worth $23 billion and $7 billion, respectively, the King

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Saudi Arabia to maintain robust non-oil growth

Spearheaded by the government’s investment and diversification plan, Saudi Arabia’s non-oil economy will maintain its positive growth trajectory and post increases of 5 per cent in 2015 and 2016, a report said. Governm

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Kuwait budget surplus at $21bn in April-June

Kuwait's government budget surplus totalled KD6.07 billion ($20.86 billion) in the first three months of this fiscal year as expenditure lagged far behind the initial plan, preliminary finance ministry figures showed on Wednesday.

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Kuwait budget surplus up to $44.8bn as spending slows

Kuwait's budget surplus edged up to KD12.9 billion ($44.8 billion) in the fiscal year to last March as government spending fell, largely because of a drop in capital expenditure, finance ministry data showed. The figures sugge

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Saudi on track to hit record budget surplus

Saudi Arabia’s budget revenues are expected to reach a record SR1.17 trillion ($312 billion) this year, though elevated spending will keep the fiscal surplus below 5 per cent of GDP, a report said. Saudi government spending

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Oman's budget surplus widens to $2.55bn

Oman's government budget surplus widened to RO988.6 million ($2.55 billion) during March against a surplus of RO 897.2 million during the same period last year, said a report. The government's total general expenditure ros

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Kuwait boosts government spending by 18pc

Kuwait government's spending in the first nine months of the fiscal year 2013/14 surged 18 per cent to KD 9.6 billion ($34 billion) driven by current expenditures, said a report. The public finance figures for the third quarte

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Kuwait 2014/15 budget spending to hit $58bn

As per the preliminary budget, Kuwait's spending for the next fiscal year is likely to hit KD21.9 billion ($57.7 billion) on an oil price of between $103 and $105 barrel per day (bpd), said a report. Crude oil prices eased bac

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