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Bahrain ministry seeks $157m budgetThe Municipalities and Urban Planning Affairs Ministry has submitted an annual budget request of BD60 million ($156.9 million) to be approved by the Finance Ministry, said a senior government official. The budget has been brought under More… |
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Bahrain set to receive GCC aidBahrain is set to receive the first tranche of a GCC development package aimed at helping boost vital housing, roads, electricity, water, industrial and social development projects. Under an agreement, Kuwait's share More… |
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Bahrain’s $238m annual interest ‘may rise’Bahrain’s government pays BD90 million ($238.7 million) every year as interest on loans and the figure is set to increase in coming years, said the Finance Ministry. A report from the Ministry added that the government deduc More… |
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UK's finance ministry gains more powersBritain's finance ministry will have new powers to order the Bank of England (BoE) to pump money into the financial system in any future banking crisis. UK finance minister George Osborne yesterday published a law to radically reform the w More… |
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$265m food fund for Bahrain launchedBahrain's Finance Ministry, acting through the Future Generation Reserve and the National Bank of Bahrain (NBB), has agreed to set up a BD100 million ($265.2 million) food fund in the kingdom. The objective of the Gedha Fund is to More… |
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UAE to study demands for spending riseThe UAE’s finance ministry will assess demands to raise federal budget spending in coming weeks and it is not planning to issue a sovereign bond at the moment, an official said on Saturday. The world's third-largest oil exporter had or More… |
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UAE seeks $34.4 billion cut in budgetThe UAE finance ministry has proposed a five per cent cut in the state budget for three years to Dh126.3 billion ($34.4 billion), a local paper said. Arabic daily Al Ittihad said it obtained a September letter to officials from Minister of More… |
