Thursday 17 April 2014
 
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Government spending

Gulf economies set to post robust growth

Gulf Arab economies are likely to keep growing robustly over the next two years as government spending remains high, even though somewhat softer oil prices may cut into government revenues, a report said. Saudi Arabia's gross

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Challenges of delivering mega projects

With 2013 forecasted to be a year of optimism and opportunity for construction in the Middle East, all eyes are back on governments in the region and how they propose to manage their spending, according to a report. In a region where th

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Inflation spikes as Qatar gears up for spending spree

Inflation in Qatar soared into the double digits after the country spent heavily on hosting the 2006 Asian Games. Now, with another government spending spree and an even bigger sports event looming, inflation is on the rise again.

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Higher govt spending spurs Bahrain’s economy

Bahrain's economy, bouncing back from a year ago with most sectors experiencing strong growth, is expected to grow by at least 2.4 per cent this year, driven by increased manufacturing and government spending. Real gross domes

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NBK criticises lack of government spending

Kuwait needs to step up spending on infrastructure to boost economic growth, the head of its largest bank said on Thursday, in unusually critical comments for a Gulf business leader. "Government spending continues to be insuf

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Saudi banking sector outlook stable

The outlook for Saudi's banking system remains stable as the Kingdom's economic activity and credit growth gets supported by the positive effects of high government spending and increased private-sector business activity, according to Mo

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Saudi economy to grow 5.7pc in 2012

Backed by a strong oil sector and large government stimulus generating impressive growth figures, Saudi Arabia’s real GDP is expected to grow by 5.7 per cent this year, said a report. Provisional data show the non-oil sector grew

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Kuwait central bank chief quits over spending

Kuwait's central bank governor resigned after 25 years in the post on Monday, protesting against a rapid rise in government spending, state news agency KUNA announced. KUNA quoted Sheikh Salem Abdul-Aziz Al-Sabah as saying the governme

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Govt spending to boost construction in Mena

The construction sector in the Mena region will continue to be supported by government spending in Saudi Arabia, Qatar and Abu Dhabi in 2012, said a new report from Fitch, the global ratings agency. These markets have undertaken massive in

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Oman govt spending to rise slightly next year

Oman's government spending will rise slightly next year, after a sharp increase this year as the country boosted social spending, finance minister Darwish Al Balushi told Reuters on Saturday. Al Balushi said budget spending this year w

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