A meeting on the budget for 2015 and 2016, which has yet to be announced, could potentially take place this week in Bahrain.
Information Affairs Minister and official government spokesman Isa Al Hammadi told a press conference aft
Spending for this year's Bahrain Grand Prix has been scaled back by almost 30 per cent, it has been revealed.
Costs are down year-on-year because of last year's 10th anniversary extravaganza, Bahrain International Circuit
Iraq's Kurdistan region received a $455 million budget payment from Baghdad for March, proof the national government honours a deal over the Kurds' oil policies, the country's finance minister said on Thursday.
India's central bank lowered its policy repo rate by 25 basis points to 7.5 per cent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy
Kuwait's government budget surplus shrank 26 per cent in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.
India may slash its food and fuel subsidy bill by about $8 billion in next week's budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi
Kuwait is planning the construction of 45,000 housing units, a metro system, a railway network and a large number of mega oil projects, including a new refinery as part of a five-year KD34.15 billion ($116 billion) spend, a report said.
Kuwait plans to spend of more than KD34 billion ($116 billion) on projects in a new five-year development plan in spite of the recent slump in oil prices, a report said.
The plan, which ends March 2020, aims to catapult Kuwait as
Falling oil prices will take their toll on Bahrain's budget for at least two years, the Cabinet heard yesterday (February 9).
Guidelines for the proposed blueprint (2015-2016) yesterday took centre stage at the weekly session,
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