Sunday 14 February 2016
 
»
Tag
 
»
Government spending

Russia imposes 10pc cut on govt spending

Under pressure from the falling global oil price, Russia is requiring government departments to cut spending by 10 per cent, repeating a policy it also imposed in 2015, two government sources told Reuters. The cutbacks will exclud

More…

Govt to raise efficiency of public spending: Saudi king

Saudi Arabia will seek to diversify its sources of income and improve the efficiency of government spending as it strives to reduce its dependence on oil revenue, which has plunged since last year, King Salman said on Wednesday. &

More…

Low oil ‘hitting Mideast business confidence’

Business confidence in the Middle East is at its lowest ebb for more than five years due to the renewed fall in oil prices, according to a new global survey of accountants. Capital expenditure plans have understandably been pared

More…

Morocco subsidy spend to fall to $1.6bn in 2016

The Moroccan government plans to spend MD15.5 billion ($1.61 billion) on subsidies, down from 23 billion dirhams budgeted for this year, the 2016 draft national budget seen by Reuters showed. The North African kingdom expects subs

More…

Kuwait spending picks up despite oil price fall

Kuwait’s government spending in August stood at KD4.2 billion ($13.91 billion) fiscal-year-to-date (fytd), marking 22 per cent of the FY15/16 budget, slightly above the historic average of 14 per cent, a report said. The fig

More…

GCC firms under pressure amid low oil, govt cuts

Corporate and infrastructure companies in the GCC face a weaker operating environment on the back of lower oil prices, said a Standard & Poor’s report, adding that government expenditures, on which these companies largely depend, are s

More…

GCC firms under pressure amid low oil, govt cuts

Corporate and infrastructure companies in the GCC face a weaker operating environment on the back of lower oil prices, said a Standard & Poor’s report, adding that government expenditures, on which these companies largely depend, are s

More…

Bahrain construction sector to grow at 3.6pc

Real growth in Bahrain’s construction industry is on track to average 3.6 per cent up to 2018, buoyed by government investment in infrastructure and social housing, a report said. This is an improved outlook on a year ago, a

More…

Qatar's banking system outlook remains stable

Qatar’s banking system outlook remains stable, supported by high levels of public spending, Moody’s Investor Service said in a report. The outlook expresses Moody’s expectation of how bank creditworthiness will e

More…

Kuwait starting to cut subsidies, says IMF

Kuwait's government has started reducing some state subsidy payments and is in an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said. Subsidy cuts are an impo

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads