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- Oil Updates - prices nudge higher amid economic uncertainty, OPEC+ supply fears
- Saudi Arabia to power data platforms with AI to drive Vision 2030 goals
- For Dubai property demand, a weak dollar has its benefits, especially for luxury home buys
- Oman, UAE boost bilateral trade and investment ties
- Tatweer plans several new projects in Duqm zone this year
- Dubai gold price drops - again - ahead of April 30's 'Akshaya Trithiya'
- Saudi Awwal Bank records SR2.1 billion net profit after zakat and income tax for 1Q25
- ECB set for deeper interest rate cutting cycle
- 'Qatar-Belgium Business Meeting reviews bilateral investment co-operation'
- Qatar makes impact in strengthening integration frameworks in Arab capital markets
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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Dr Thani al Zeyoudi, UAE Minister of State for Foreign Trade, said that the increase in non-oil trade between the UAE and Oman reflects strong relations between the two nations. He said these ties h
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Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer Duqm) is planning to implement several new projects this year aimed at enhancing investment in the Duqm area.
T
Muscat Daily
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Qatar Chamber hosted the Qatar-Belgium Business Meeting Sunday to explore ways of strengthening trade and economic relations between the two countries.
The Qatari side was led by Dr Khalid b
Gulf Times
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