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- Bahrain All Share Index, Islamic Index close higher
- Rising demand for freelance digital work in Oman
- Alba achieves key milestone with 37m safe working hours
- UAE, China launch service centre to boost $400bn Arab trade
- Rusayl Industrial City localises 17 projects worth RO49mn
- Oman's GDP grows 4.7% during Q1, reaches RO10.53bn
- Trump Metal Tariffs Wreak Havoc on US Factory
- Saudi ROSHN Group Named One of World's 25 Most Powerful Real Estate Brands by Brand Finance
- QSE enters sixth day of bull run; M-cap adds QR5.62bn
- Doha Oasis and Ahlibank in strategic partnership
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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30/06/2025
UAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently - that is aimed at increasing the $400 billion trade between China
Trade Arabia
30/06/2025
Al Rusayl Industrial City, affiliated to the Public Establishment for Industrial Estates 'Madayn', signed 17 new contracts in 2024, covering over 235,000sqm and attracting investments exceeding RO49m
Muscat Daily
30/06/2025
Oman's gross domestic product (GDP) at current prices rose by 4.7% in the first quarter of 2025, reaching RO10.53bn compared to RO10.05bn in the same period last year, according to preliminary data
Muscat Daily
30/06/2025
ROSHN Group, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), has been ranked among the 25 most powerful real estate brands in the world by Brand Finance, a leading global brand valuation
Asharq Al Awsat
30/06/2025
The business travel sector in the Middle East and North Africa (Mena) is growing faster than the global average. The market reached $18.1 billion in 2024, while forecasts indicate a 6.1 per cent year
Khaleej Times
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