Tuesday 28 February 2017
 
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Finance Ministry

Emirates Transport to supply e-vehicles to finance ministry

The UAE Ministry of Finance (MoF) has signed an agreement with Emirates Transport for supply of  electric-powered vehicles. The move comes as part of MoF’s commitment to support sustainable energy resources in line with

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Emirates Transport to supply e-vehicles to finance ministry

The UAE Ministry of Finance (MoF) has signed an agreement with Emirates Transport for supply of  electric-powered vehicles. The move comes as part of MoF’s commitment to support sustainable energy resources in line with

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Saudi ministry seeks return of unspent money

Saudi Arabia's finance ministry, seeking to cut waste as state revenues shrink because of low oil prices, is telling government bodies to return unspent money which they were allocated in this year's budget, sources familiar with the pol

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Saudi reshuffles govt funds under finance ministry

Saudi Arabia has moved authority over big institutional funds from the finance ministry to other ministries, to allow the finance ministry to focus on its core budget responsibilities, state news agency SPA reported on Monday, citing a royal dec

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Kuwait sees $3.5bn fall in 2013/14 spending

Kuwait expects to spend around one billion dinars ($3.5 billion) less in the 2013/14 fiscal year, according to the state budget published by the Ministry of Finance, despite the major oil producer forecasting higher revenue. Oil-p

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Bahrain ministry seeks $157m budget

The 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

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Bahrain set to receive GCC aid

Bahrain 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

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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

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UK's finance ministry gains more powers

Britain'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

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$265m food fund for Bahrain launched

Bahrain'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

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