The 2025 budget sees a 2% increase over the budget for 2024
Budget
Latest in Budget
Budget
Saudi Arabia approves 2025 budget with estimated $315bn revenues and $342bn expenditure
Saudi Arabia has unveiled an approved budget for 2025 with forecast of $315bn revenues and $342bn expenditure
Budget
UAE approves record 2025 budget with balanced $19.5bn revenues and expenditure
Federal National Council approves record UAE budget for 2025 fiscal year
Budget
UAE Cabinet approves record AED 71.5bn budget for 2025
The budget, totalling AED71.5 billion in both revenues and expenditures, maintains a balanced approach and represents the largest in UAE history
Budget
UAE discusses draft budget for 2025
Senior government figures have held a meeting in the UAE to discuss draft budget for 2025
2024
UAE 2024 budget: Full breakdown of $17.4bn spending plan
UAE gives detailed look at 2024’s $17.4bn spending plan
Budget
Sharjah approves $8.76bn budget for 2023
Sharjah spending will fall by 12% next year says the emirate’s Department of Finance
Budget
Saudi Arabia reports $40bn budget surplus in 2022
Saudi Arabia records a 55% increase in oil revenues compared to last year
Bahrain
Bahrain to rebuild savings used for Covid pandemic by capitalising on the increasing demand for oil: report
Soaring crude prices are generating a windfall that is allowing the Gulf region’s most vulnerable economies to rebuild finances, pay down debt, and raise spending
Budget
Bahrain plans $30bn investment as it balances its budget
Kingdom aims to create more than 20,000 jobs annually for citizens by 2024 and attract $2.5bn in foreign direct investment by 2023
Budget
Dubai budget policy turns ‘expansionary’ with $15.5bn plan
Initial estimates for 2021 suggest that GDP will see four percent growth, supported by continued recovery of economic activities
Budget
Kuwait parliament passes budget with $22bn shortfall
Expected shortfall in Kuwait’s 2019/20 budget is equivalent to 15.7% of the country’s GDP
Austerity
Britain raises growth forecast for 2019 Brexit year
Chancellor Philip Hammond delivers his last annual budget before Brexit, says GDP growth set to expand
Budget
Kuwait likely to lead GCC bond issuance in second half of 2018
Fisch Asset Management says GCC sovereign issuance is expected to exceed 2017 levels after seeing a strong first half of the year
Budget
Dubai’s state utility firm approves $7.2bn budget for 2018
Dubai Electricity & Water Authority says largest part allocated to capital projects and capital purchases
Budget
Saudi Arabia hikes the price of petrol
Price of Octane 91 increased by 82% while 95 Octane is up 126%