Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Economy
 Print  Send This Page
Save Listen to this Article
Cabinet slow to fix new budget of Arab Spring pay-out promises   

Kuwait Times - 29 August, 2012

The government is facing a dilemma on meeting budget requirements given the lack of parliament sessions, while an ordinance to approve a new budget cannot be passed before the 2009 parliament is dissolved. In the meantime, the government’s spending is based on the previous general budget that touched KD 19 billion. It estimates the new budget at KD 24 billion. One solution discussed is budget cuts, but this scenario is wrought with problems when the government is required to pay public sector salaries with added pay raises and allowances enforced during the past year.

This comes while the opposition bloc resumed preparations for tomorrow’s (Monday) mass protest, including naming members who will represent them at the Iradah Square. “The bloc’s coordination committee initially agreed with Mubarak Al-Walan, Abdurrahman Al-Anjari, Mohammad Al-Dallal and Faisal Al-Yahya to represent the bloc at the Iradah Square next Monday,” said member of the annulled 2012 parliament Adel Al-Dahoum. His meeting came following a meeting held with the coordination committee; a coalition of oppositionists who dominated majority seats in the annulled 2012 parliament.

The meeting held on Thursday, the first since the committee was assigned late last week to prepare for the bloc’s future steps, focused on organizing the work of the bloc’s media team “which focuses on sending the message of public protest and deflecting accusations,” according to sources. The committee was also scheduled to hold a meeting last night to continue discussing ideas “including the possibility of broadcasting a TV channel from outside Kuwait to cover public protests,” said sources who spoke to Al-Qabas. Meanwhile, Al-Dahoum told Al-Qabas that the committee discussed “the framework for establishing the National Front for the Defense of the Constitution,” noting that names of members will be discussed in more detail during the bloc’s next meeting.

Ahmad Al-Saadoun, Speaker of the 2012 Parliament released a statement in which he warned the government against “challenging the people’s willpower” by prolonging the dissolution of the 2009 parliament, that was reinstated following a Constitutional Court verdict in June that annulled its dissolution decree. Al-Saadoun also reiterated the necessity to “avoid ignoring the multimillion-dinar deposits, foreign transfers, diesel fuel smuggling and Shell Oil deal.” These issues were used by the opposition bloc to claim government corruption, which fueled public pressure that ultimately led to the Cabinet’s resignation and the Parliament’s dissolution late last year.

Hard-line oppositionist lawmaker Musallam Al-Barrak told Al-Jarida daily that “[the opposition] will go as far as it can” in staging public protests if the Constitutional Court renders the current electoral system unconstitutional. “The referral step is clearly the first step of a conspiracy the Cabinet seeks to achieve their goal,” Al-Barrak said, further reiterating claims that the Cabinet plans to use a verdict ruling the current system unconstitutional “in order to issue an emergency decree for new constituencies distribution by which they will be able to control the legislative authority.”
 
More power plants likely
Source : Oman Daily Observer  
Date : 2013-05-25
A number of researches and studies have been conducted at exploiting renewable energy sources in power generation in the future....
Meat market not in 'sheep' shape
Source : Arab News  
Date : 2013-05-25
The Agricultural Development Fund has launched an initiative to increase the number of sheep after seeing sheep in the Kingdom drop from 12 million in 2008 to 8.7 million in...
Govt to spend $ 66 bn on water projects over 10 years
Source : Arab News  
Date : 2013-05-25
The European inventor, writer and painter Leonardo da Vinci once said: “Water is the driving force of all nature.” This statement is all the more relevant in Saudi Arabia with...
Emirates NBD's new 'Bank on Wheels' hits the road
Source : Khaleej Times  
Date : 2013-05-25
Emirates NBD added another innovative service to its list of achievements on Friday by operating its Bank on Wheels services, which will enable the lender to assess its growth strategy...
FGB 3rd most powerful UAE firm: Forbes
Source : Khaleej Times  
Date : 2013-05-25
First Gulf Bank, or FGB, has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes’ Top 500 in the Arab World...
Emirates opens refurbished lounge at Paris airport
Source : Khaleej Times  
Date : 2013-05-25
Emirates, has inaugurated its refurbished Paris Charles de Gaulle Lounge for First Class and Business Class passengers as well as Platinum and Gold members of Emirates Skywards - the airline’s...
Fish market revamp set
Source : Gulf Daily News  
Date : 2013-05-25
A fish market in Malkiya that has remained unused for five years despite a BD73,000 renovation could be given another revamp....
Geojit Securities to extend services to Kuwait
Source : Gulf Today  
Date : 2013-05-25
Geojit Securities, an Indian stock broking firm with a presence in the UAE, Oman and Saudi Arabia through joint ventures and partnerships, will soon extend its services to Kuwait through...
Saudi banks' assets gain SR38bn in Q1
Source : Emirates 24/7  
Date : 2013-05-25
The combined assets of Saudi Arabia's banks swelled by nearly SR38 billion (Dh37.7 billion) in the first quarter of 2013 to maintain their position as having the second largest financial...
Emirates increases Dubai-Colombo flights
Source : Emirates 24/7  
Date : 2013-05-25
Emirates will increase services to Colombo from June 30....
Arabtec JV wins Saudi hospital contract
Source : Emirates 24/7  
Date : 2013-05-25
Arabtec Holding PJSC announced on Saturday that its joint venture between Arabtec Saudi Arabia LLC and Greece’s Terna S.A. has been awarded a SR404 million contract by Aldara Medical Corporation...
DTC signs contract to rent ad space on 3,500 vehicles
Source : Emirates 24/7  
Date : 2013-05-25
Dubai Taxi Corporation (DTC) has signed a contract with Mobil’ Affiche Company to invest in and rent the advertising spaces on 3,500 vehicles for three renewable years starting April 2013...
Kuwait''s development role part of WEF discussions - Minister Shimali
Source : Kuwait News Agency  
Date : 2013-05-25
Kuwait's development work on the regional and global arenas will be one of the discussion items of the World Economic Forum (WEF), said...
Etisalat makes top bid for Maroc Tel
Source : Arab News  
Date : 2013-05-25
Gulf telecom operator Etisalat has offered a higher price for Vivendi’s Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter....
Riyal-dollar peg 'serves interests of Saudi Arabia'
Source : Arab News  
Date : 2013-05-25
The Saudi riyal peg to the US dollar will continue as it serves the national economic interest of the Kingdom as well as of those which have chosen to keep...
KSA energy strategy — one more time
Source : Saudi Gazette  
Date : 2013-05-25
As a follow up to last month article “The National Kingdom Energy Strategy“, I would like this week to shed some lights on the categories that this strategy must have...
Insurance firms win weekly race
Source : Arab News  
Date : 2013-05-25
Saudi stocks spent the entire last week with impressive gains. The Tadawul All-Share Index (TASI) reflecting an upward march throughout the week ended in the green territory at 7,363.13 points,...
New real estate fund from Saudi Fransi Capital
Source : Arab News  
Date : 2013-05-25
Saudi Fransi Capital has launched its new fund, the Saudi Fransi Real Estate Fund. The new fund seeks to achieve capital growth, by developing lands and real estate projects, along...
Expansion to up Riyadh airport capacity to 35 m
Source : Arab News  
Date : 2013-05-25
The new expansion plan for Riyadh's King Khaled International Airport aims at increasing its capacity from 12 million to 35 million, said Khaled Al-Khaibary, spokesman of the General Authority for...
Soltanieh appointed chair of UNIDO Program and Budget Committee
Source : Tehran Times  
Date : 2013-05-25
Ali-Asghar Soltanieh, the representative of Iran to international organizations based in Vienna, has been appointed as the head of the Program and Budget Committee the United Nations Industrial Development Organization...
Total 428 Results in 22 Pages
1 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.ae
Sun May 26, 2013| 16-رجب-1434هـ
Syria opposition seeks to unify as talks get momentum to end war
New initiatives for Saudi SMEs in spotlight
US official blasts Iran election maneuvering
Jet shareholders back Etihad deal
Bahrain protesters, police clash
Iraq vows action against Kurdistan crude sales
GCC celebrates 32 years of cooperation
RO 8bn projects in pipeline
Al-Qaeda seizes Yemen villages
Iran inks deals to develop Sardar-e Jangal field in Caspian Sea
Iraq warns Kurds against exporting oil to Turkey
Saudi Energy to open amid KSA's economic dynamism
Saudi missing for 10 years found imprisoned in Iraq
Cruise tourism propelling UAE's GDP
WHO to help KSA probe coronavirus before Haj
Expansion to up Riyadh airport capacity to 35 m
    Newspaper Editorials
Violence against media shouldn't be condoned
Citizens' welfare
More>>  
    Opinions
Iran's Moment of Truth
Battered and bloodied
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    Reports
Iraq Ten Years On
US Goals and Strategies toward the Arab World
More>>  
    Bank Reports
Saudi Arabia: Interest rate outlook, 2013-15
GCC Markets Monthly - May 2013
More>>  
    GRC Analysis
Building a Strong Saudi-Japan Relationship
Poor Gulf: Inequality and the Lack of Statistics
Whither GCC-US Relations?
    GRC Commentary
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Asia-Gulf Economic Relations in the 21st Century: The Local to Global Transformation
Assessment of the Security Situation in Iran, Iraq, Yemen, Syria and the Arab Gulf States
China in the Eyes of the Saudi Media
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   29-- 29 Middle Page :0  --   | Right : 29 - 29--en--sess-enreq-en-coming