#Budget

Saudi Arabia returns to dollar-debt market to boost finances

The price of Brent crude is still below what most of the region’s economies need to balance their budgets

Bahrain plans to sell dollar bonds to plug budget deficit

The Gulf Arab kingdom is selling benchmark-size seven-year debt, 12-year securities and/or notes maturing in 30 years

Sheikh Mohammed

Sheikh Mohammed approves Dhs57.1bn spend in 2021 Dubai budget

The programme takes into account “the exceptional economic conditions of the fiscal year 2020″

Bahrain puts economic recovery ahead of boosting budget revenue

Bahrain’s public finances have been under strain from the twin shock of the pandemic and lower oil prices

UAE cabinet approves Dh320m budget for national universities

The federal cabinet also approved a national system for sustained agriculture

Global downturn risks becoming prolonged recession – WEF

High unemployment, lack of progress in reducing carbon emissions and exacerbated inequalities are all possible side effects of the pandemic

Oman cuts pay for new civil servants by up to 23%

Oman has resorted to spending cuts to stabilise public finances

Saudi Arabia could borrow record $58bn as oil slump bites

The government is looking at additional spending cuts and may issue as much as an additional SAR100bn of debt on top of SAR120bn riyals already announced

Qatar predicts three years of budget deficits as low oil prices bite

Qatar forecast a fiscal deficit of 7.8 per cent of GDP this year, the first deficit in 15 years

Saudi Arabia Plans To Raise Spending In 2015 Budget

The stock market rose in the minutes after the announcement, trading 0.9 per cent higher.

UAE Govt Approves Higher Federal Spending For 2015

The projected federal spending of Dhs49.1 billion is up from Dhs46 billion in the original budget for 2014.