Friday 18 April 2014
 
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Spending

Qatar GDP beats forecasts, growth slows in Q4

Qatar's economic growth accelerated to 6.5 per cent in 2013 as a pick-up in construction and inflows of foreign workers ahead of the 2022 soccer World Cup offset easing oil production, data showed on Wednesday. Analysts polled

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Kuwait spending up 7pc in Feb

The Kuwait government's spending climbed to KD11.3 billion in February, up 7 per cent y/y on the back of higher transfers, according to a report. The latter has driven growth in current expenditures, while capital spending has

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Tamkeen plans $212m spending for 2014

Bahrain's labour fund Tamkeen said its total programme expenditure for this year is likely to hit around BD80 million ($212 million), the highest it will ever spend on support programmes. The announcement came after the author

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Bahrain moves to cut unnecessary spending

An effective plan to rationalise spending and expenditure, reduce the size of government bodies and decrease the number of high positions to avoid unnecessary costs was ordered by Bahrain's Prime Minister yesterday. The plan a

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Qatar spending jumps 33pc in first half

Qatar's government spending rose nearly 33 percent to 93.2 billion riyals ($25.6 billion) in the first half of this fiscal year, speeding up after a slow start to soccer World Cup 2022 projects, data showed on Thursday. Expend

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Kuwait eyes $77bn budget spending in 2014-15

Kuwait government's total spending is likely to hit KD21.7 billion ($77 billion) in its draft budget for 2014/ 15, up from KD21 billion in FY13/14, according to a report. The draft budget for fiscal year 2014/15 (April to Marc

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Sharjah approves $4.2bn budget for 2014

Sharjah's ruler Dr Sultan bin Muhammad Al Qasimi has approved a Dh15.4 billion ($4.2 billion) budget plan for 2014, up nearly 7 per cent compared to Dh14.5 billion last year. The spending boost by Dr Sultan, who is also the UA

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Kuwait budget spending up 8pc in April-Jan

Kuwait's government spending rose 8 percent in the first 10 months of this fiscal year compared with the same period the previous year but is still far below its initial plan, preliminary finance ministry figures showed. The m

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Saudi spending potential narrowly based

Consumer optimism has dropped in Saudi Arabia with just 18 per cent expect to see improvements in the state of their personal finances, a report said, noting that this is the second consecutive drop in optimism seen within the region.

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Kuwait boosts government spending by 18pc

Kuwait government's spending in the first nine months of the fiscal year 2013/14 surged 18 per cent to KD 9.6 billion ($34 billion) driven by current expenditures, said a report. The public finance figures for the third quarte

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