High Saudi spending, budget surplus in 2012 – IMF
IMF estimates 2012 for Saudi Arabia will see a break-even budget in oil price at around $80 and expects fiscal and monetary policies will be used to ease inflation
December 22, 2011 3:41Oman plans $3.1B deficit in 2012 draft budget
Oman set its 2012 draft budget with a deficit of 1.2 billion rials ($3.1 billion) and expenditures of 10 billion rials, higher than planned for 2011, a finance ministry official said on Wednesday.
November 23, 2011 10:49UAE posts $327M budget deficit in first 9 mths
The UAE federal budget deficit touched 1.2 billion dirhams ($326.7 mln) end of September this year and is expected to be lower by the year end, the minister of state for financial affairs said on Sunday.
October 23, 2011 4:37Kuwait emir says misuse of budget surplus led to imbalances
"The misuse of surplus and not investing it in the right direction has led to structural imbalances in our economy and threatens the future of the country in the implementation of programmes and financial obligations," Emir Sheikh Sabah al-Ahmad al-Sabah said.
August 15, 2011 3:44
Middle East deadly virus - what do we call it?
Settling on an official name for the new SARS-like virus isn't as easy as you'd think...
May 23, 2013 11:35
Qatar's Leverage Over Banks Is On The Wane
Qatar needs to find a home for billions of dollars raised from gas exports each year, writes Una Galani.
May 22, 2013 9:43
First report by Etisalat covering global footprint
Telecom company exhibits its high impact projects, including Mobile Baby.
May 21, 2013 6:01
Gold iPad at Burj Al Arab
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24