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UAE cabinet approves record $49bn budget

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday chaired the UAE cabinet meeting, where a zero-deficit federal budget of AED180 billion ($49 billion) for the next three years (2019-2021) was approved. The session was attended by HH Lt. General Sheikh Saif bin Zayed ...

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Saudi Arabia targets higher spending to spur growth

Bloomberg Saudi Arabia plans to increase spending next year more than initially forecast as authorities take advantage of higher oil prices to spur economic growth and reduce unemployment. Public spending is expected to reach 1.106 trillion riyals ($295 billion) in 2019, 100 billion riyals more than the government had projected last year, Finance Minister Mohammed Al-Jadaan said on Sunday. Authorities ...

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Wetex 2018 attracts world’s largest firms

DUBAI / WAM The innovative solutions and advanced technologies relating to water issues are a priority of the 20th Water, Energy, Technology and Environment Exhibition (WETEX 2018). The three-day event will be held from October 23-25 at the Dubai International Convention and Exhibition Centre under the theme ‘At the forefront of sustainability’, highlighting the latest developments and technologies in the ...

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