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- Oil Updates - crude holds near 1-month high, set for 3rd week of gains amid supply woes
- Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital
- QCB licenses PayLater to provide BNPL services
- Qatar Stock Exchange listed companies report QR51.18bn net profits for 2024
- Oman seeks bids for Jabal Shams Grand Canyon project
- Jafza expands logistics park with strategic investment
- Innovation, collaboration key to sustainable growth: Sabic CEO
- AD Ports, Oylz in deal to set up petchem facility in Khalifa Port
- Modon, Elsewedy to launch new industrial zone in Egypt
- Saudi CMA moves to improve debt issuance governance for SPEs
22/12/2009 00:00 AST
Saudi Arabia expects its fiscal deficit to rise to SR70 billion ($18.67 billion) in 2010 from a planned SR45 billion this year as it raises investment despite a fall in revenues, the finance ministry said on Monday.
The kingdom, Opec's top oil exporter and a member of the Group of 20 leading economies, forecasts expenditures of SR540 billion for 2010, down from an expected SR550 billion this year.
The Gulf Arab state expects revenues to fall from SR505 billion to SR470 billion this year. But it also plans to increase spending on investment projects by 16 per cent to SR260 billion.
"The national budget will continue to focus on enhancing economic development and improving investment enviroment that supports strong and balanced economic growth," the finance ministry said.
Reuters
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28/03/2025
Qatar Central Bank (QCB) issues its first license in the country for Paylater to provide Buy-Now-Pay-Later (BNPL) services.
In a post on X platform on Thursday, QCB pointed out that issuing
QNA
28/03/2025
Omani authorities have invited bids for the first phase of Jabal Shams Grand Canyon, a major tourism project that boasts key attractions including a recreational area, a glass walkway, a tourist reso
Trade Arabia
28/03/2025
Jebel Ali Free Zone (Jafza) is strengthening its position with a strategic investment of AED90 million ($25 million) in Phase Two of its cutting-edge Logistics Park.
Adding 360,000 square f
Trade Arabia
27/03/2025
Kuwait is set to return to international debt markets after an eight-year absence, following the approval of a long-awaited public borrowing law aimed at addressing fiscal pressures and financing inf
Arab News
27/03/2025
Qatar banks continue to lead the region with the lowest cost-to-income ratio at 25.6% and the highest coverage ratio for stage 3 loans at 85.1%, reflecting strong financial resilience, according to K
Gulf Times
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