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- Trump's Saudi Arabia visit heralds a new era of economic diplomacy
- ATC holds its AGM, approves a 20% bonus share distribution
- Zain Group Q1 net profit soars 66% YoY to $157m; revenue grows 15% to $1.74bn
- Bahrain All Share Index closes lower
- Real estate transactions in Oman exceed OMR572 million at end of March 2025
- Tax Authority, Omantel sign agreement to implement electronic invoicing system
- Contracts signed to implement 9 environment-friendly projects in 7 nature reserves
- Emaar Properties Q1 revenue tops AED10bn, up 50%
- OQEP signs RO21mn contracts with local firms
- Al Muhaidib Group tops Forbes Arab Family Businesses list
30/03/2009 00:00 AST
Qatar is likely to post a slight deficit in the 2009-2010 fiscal year and will base its annual budget on an oil price of $40 a barrel, an official said.
"We expect a slight deficit, one that is acceptable in light of the current economic crisis," Mohammed Ajaj Al-Kubaisi, rapporteur of the financial and economic committee of Qatars Advisory Council told Reuters.
Opec member Qatars fiscal year begins on April 1.
The budget still requires the approval of Qatars Emir before it takes affect, Al-Kubaisi said.
Qatar, the worlds biggest exporter of liquefied natural gas, based its budget that ends March 31 on an oil price of $55 a barrel.
Reuters
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13/05/2025
Investor confidence in Saudi Arabia's hospitality sector is being reinforced by tangible progress on Vision 2030 goals, including accelerating international interest and a surge in hotel signings, a
Arab News
13/05/2025
As President Donald Trump embarks on the first and, arguably, the most significant overseas tour of his second term, both the US and Saudi Arabia are eyeing investments worth billions of dollars.
Arab News
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The traded value of real estate transactions in the Sultanate of Oman fell by 2.5% to OMR572.7 million till the end of March 2025, compared to OMR587.5 million in the same period of 2024, according t
ONA
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Nine contracts were signed in Muscat today for the establishment of environmental investment projects in seven nature reserves. The projects aim to promote sustainable development, protect ecosystems
ONA
13/05/2025
Saudi Arabia's Al Muhaidib Group, led by Group Chairman Sulaiman Al Muhaidib, takes the top spot in the Forbes Middle East Top 100 Arab Family Businesses 2025 list, rising rising from eighth place la
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