Tuesday 9 February 2016
 
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Spending

Kuwait forecasts $40 billion budget deficit

Kuwait's Finance Ministry said on Thursday that the Gulf oil exporter's 2016-17 draft budget forecasts a deficit of KD12.2 billion ($40.2 billion), nearly 50 percent higher than the previous year, due to falling crude prices.

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Saudi consumer spending growth 'slowing'

Growth in Saudi Arabia's consumer spending is slowing as low oil prices hit households' disposable income and geopolitical tensions make shoppers more cautious, the chairman of one of the kingdom's top retailing chains said.

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Saudi consumer spending growth 'slowing'

Growth in Saudi Arabia's consumer spending is slowing as low oil prices hit households' disposable income and geopolitical tensions make shoppers more cautious, the chairman of one of the kingdom's top retailing chains said.

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Projects shelved in Bahrain to cut spending

Public projects worth millions of dinars in Bahrain’s Capital Governorate have been shelved in an attempt to cut government spending. Members of the Capital Trustees Board said the projects, which include public parks and walkways, were

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Projects shelved in Bahrain to cut spending

Public projects worth millions of dinars in Bahrain’s Capital Governorate have been shelved in an attempt to cut government spending. Members of the Capital Trustees Board said the projects, which include public parks and walkways, were

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Oman's tight spending likely to boost real estate PPPs

The removal of fuel subsidies and the government’s austerity measures to tighten spending could provide a welcome boost for public private partnerships (PPPs) in Oman’s real estate market, according to international real estate consu

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Oman approves spending cuts, tax rises

Oman's cabinet approved in principle a series of spending cuts and tax rises to cope with the damage to state finances from low oil prices, state news agency ONA reported on Wednesday. "The council of ministers approved a

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Oman approves spending cuts, tax rises

Oman's cabinet approved in principle a series of spending cuts and tax rises to cope with the damage to state finances from low oil prices, state news agency ONA reported on Wednesday. "The council of ministers approved a

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Saudi security spending surges $5.3bn in 2015

Saudi Arabia increased its military and security spending in 2015 by about SR20 billion ($5.3 billion), Economy and Planning Minister Adel Fakieh told reporters on Monday. Fakieh attributed the rise to the kingdom's participat

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Saudi plans spending cuts, reforms to cut huge deficit

Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The 2016 budget,

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