Tuesday, December 29, 2015

Saudi plans spending cuts, revenue push to shrink 2016 budget deficit

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Finance and Economy
Saudi plans spending cuts, revenue push to shrink 2016 budget deficit
Budget projects spending of 840 billion riyals, down from 975 billion spent this year...
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Dubai passes an expansionary budget
AED46.1bn budget expects to show an operating surplus of AED3.4bn...
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Ajman tourism revenues up 47 per cent in Q3
Number of guest nights grew from 201,596 in 2014 to 300,948 in 2015...
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Energy
Bahrain cabinet approves new diesel, kerosene pricing system – BNA
New system expected to result in a "gradual increase" in the cost of the fuels...
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Saudi Arabia raises domestic energy prices - SPA
Domestic fuel, water and electricity prices are currently among the lowest in the world...
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Jordan's renewable energy drive gains momentum
Total investments expected to touch $2.4 billion by 2025...
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Real Estate
Kuwait real estate sales down 29 per cent in 11 months
Total residential sales amounted to KWD1.23bn in 2015...
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Real estate projects in UAE cost AED111 billion in 2015
Abu Dhabi, Dubai and Sharjah top list of most attractive emirates for new projects...
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     News
UAE employees no longer face 6-month ban
As long as they have completed a half year's employment with the company before termination...
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GFH Financial to reconsider Kuwait delisting
Firm's board had approved the voluntary delisting in September...
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UAE fuel prices drop for January
Diesel will cost AED1.61 per litre, down from AED1.83 in December...
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Abu Dhabi hotels expect 4 million guests in 2015
Guests spent a total of 8.58 million nights in hotels between January and September...
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