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Oman cement firms say govt to double gas prices from Jan. 1
Along with Bahrain, Oman is being hit particularly hard among the Gulf Arab energy ...
Iraq government, Kurds strike deal on budget, oil exports
The deal would see oil from the Kurdish region exported via Kurdish pipelines but ...
Kuwait moves toward cutting diesel, kerosene subsidies in key reform
Energy subsidies drain billions of dollars from Kuwait’s budget every year
Kuwait posts $45 bln budget surplus but warned of risks
Finance ministry says that the surplus came in at 12.9 billion dinars in the 12 ...
Netanyahu seeks cuts to 2014 budget o finance Gaza war
Netanyahu is seeking cuts of two percent from every government minister, other ...
Egypt curbs energy subsidies spending in tighter new budget
President Abdel Fattah al-Sisi approved a tightened budget that seeks to reduce ...
Sisi approves revised Egypt budget
Abdel Fattah al-Sisi approves a revised budget for the 2014/15 fiscal year with a ...
Egypt’s Sisi aims to bring deficit down to 8.5 pct by 2017/18
Sisi has not given specifics on how he would reform subsidies, which eat up around ...
IMF urges Kuwait to contain rise in wages, subsidies
Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping ...
Kuwait budget spending up 8%, below full-year plan
Spending in the first 10 months of this fiscal year is still far below its initial ...
Kuwait’s cabinet approves draft budget
Oil producer expects to spend $77.4 billion in the 2014/15 fiscal year
Iraq draft budget intensifies Kurd oil export row
The draft budget requires the Kurds to export 400,000 barrels per day (bpd) well ...
Yemen parliament approves 2014 budget, raising spending by 4%
Estimated revenue for the impoverished nation for 2014 is around 2.20 trillion ...
Iranian president targets stagflation in first budget
Tough economic sanctions and fiscal mismanagement led to a soaring inflation over ...
UAE approves $12.5 billion federal budget for 2014
The United Arab Emirates approved a federal budget of 46 billion dirhams ($12.5 ...
Oil prices edge lower on fears of U.S. debt default
Oil prices edged lower in Asian trade Monday as the United States faces a ...
Obama urges Congress to raise debt ceiling
President Barack Obama on Saturday urged the U.S. Congress to approve a budget to ...
Saudi healthcare spending set to top $26bn this year
Healthcare spending in Saudi Arabia is expected to grow by 10.3 percent to SR98 ...
Iran faces ‘serious budget shortfall’, says official
Iran faces a shortfall of one third in this year’s budget due to ...
Israeli budget wins initial parliament approval
A budget of tax hikes and spending cuts won initial approval from Israel’s ...