Thursday 19 April 2018
 
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Budget

US federal govt shuts down over budget row

The US federal government shut down at midnight on Friday after the Senate failed to agree on a new budget to fund the government.   Despite last-minute bipartisan meetings, the bill to fund the government until

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Oman approves $32.5bn budget for 2018

Oman has approved a state budget that envisages a total public expenditure of OR12.5 billion ($32.51 billion) for 2018, an increase of OR800 million from the estimated expenditure for 2017.   His Majesty Sultan Q

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Saudi Arabia plans $14bn infrastructure spend

Saudi Arabia's 2018 budget envisages a capital expenditure of SR205 billion ($54.66 billion) or 21 per cent of total expenditures, 13.6 per cent higher than 2017.   The capital expenditure ratio to total gove

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Saudi Arabia plans $14bn infrastructure spend

Saudi Arabia's 2018 budget envisages a capital expenditure of SR205 billion ($54.66 billion) or 21 per cent of total expenditures, 13.6 per cent higher than 2017.   The capital expenditure ratio to total gove

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Qatar Fuel Company unveils $224m budget

Qatar Fuel (Woqod) has allocated QR816 million ($224 million) for spending in 2018 on new development activities including the setting up of new petrol stations and projects aimed at boosting the non-oil sector. Woqod's capita

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Saudi budget proposes record spending of $260bn

Saudi Arabia has announced an expenditure of of SR978 billion ($260.80 billion) for the next fiscal year, the largest budget spending in the history of the kingdom and a growth of 5.6 per cent compared to 2017.  

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Sharjah unveils $6 billion budget for 2018

Sharjah, UAE has unveiled a general budget of Dh22.1 billion ($6 billion) for the fiscal year 2018, marking a is a 6 percent increase from the emirate's 2017 budget, a media report said.  Approved by Dr Sheikh Sultan bin

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Saudi reform programme to remain on track: report

Recent news reports raise the possibility for Saudi Arabia's reforms to be more gradually implemented to support economic activity, according to a new study from Bank of America Merrill Lynch (BofAML). The government is likely

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Saudi Arabia deficit halves in H1

Saudi Arabia’s budget deficit halved in the first six months of this year, compared to the figures last year, following sweeping spending cuts and improved oil revenues.   The deficit in the first h

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Saudi non-oil revenue to back govt spending

The expected increase in Saudi Arabia’s non-oil revenue will support higher government spending in the remainder of 2017, said a new report from Al Rajhi Capital, a top financial services provider in the kingdom. Government

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