Dubai Finance Chief eyes budget surplus in 2011: Report DEC releases report on Dubai's 2010 Budget Ruler of Dubai approves budget for the 2010 UAE cabinet approves record Dh43.6 billion federal budget for 2010, UAE-US agreement on peaceful nuclear cooperation UAE to revamp budget regime FNC ratifies the Dh42.2bn federal draft budget for 2009 Budget of 2009 does not include imposition of tax or new fees: Ministry of Finance Dubai's 2008 budget posts Dh11.4 b surplus FNC approves draft federal budget Federal Budget for 2008 the largest in the history of UAE - Kharbash Cabinet approves biggest, zero-deficit budget 2007 budget begins on time UAE's 2007 budget free of deficit UAE federal budget draft to be presented to the cabinet soon Khalifa approves Dh27.8b budget Next Page » Archive | Subscribe to Feed What is RSS? UAE FEDERAL GOVERNMENT STRATEGY Download PDF OIL PRICES » SHARE PRICES » DIRHAM RATES » EVENTS AND EXHIBITIONS » A comprehensive guide to current and future events and exhibitions in the UAE UAE YEARBOOKS » The complete UAE Yearbook 2009 in English and French. Comprehensive, up-to-date information on all aspects of the UAE.. UAE AT A GLANCE » Valuable concise reference source on the UAE, covering political system, economy, business, history and heritage, education, women, healthcare, tourism and environment. THE EMIRATES - A NATURAL HISTORY » Natural history of the UAE, covering all animals and plants recorded in the Emirates. THE EMIRATES TOUR » Take an on-line tour of the UAE, including the major cities and islands UAE HISTORY » UAE GOVERNMENT » UAE ECONOMY » UAE INFRASTRUCTURE » UAE SOCIAL DEVELOPMENT » UAE CULTURE & MEDIA » UAE ENVIRONMENT » UAE SPORT » UAE EVENTS » MARINE LIFE OF THE UAE » Turtles are among the many species covered in the marine section of UAEinteract

Dubai Finance Chief eyes budget surplus in 2011: Report Posted on 01/03/2010 Dubai's government has started to cut spending in an effort to swing its budget to a surplus by 2011, the emirate's finance chief said in a report published on Sunday. Abdulrahman Al Saleh, the head of Dubai's Department of Finance, told Al-Bayan that he plans to trim the government's operating expenses by 15 per cent this year to reduce the budget gap. Dubai approved the 2010 budget with a deficit of two per cent of GDP, deeper than last year and in line with a budget committee's ...  >>MORE

DEC releases report on Dubai's 2010 Budget Posted on 12/01/2010 The Secretariat General of the Dubai Economic Council (DEC) released a brief report about the Emirate of Dubai's 2010 budget which was approved by H.H. Sheikh Mohammad bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai last Thursday. Under the heading 'The 2010 Budget...A Balance between Economic '&' Social Goals', the report said that the budget reflects a clearly defined strategy that will achieve economic growth levels and counter the impact of the ...  >>MORE

Ruler of Dubai approves budget for the 2010 Posted on 08/01/2010 His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the law of the fiscal year budget for the year 2010 of the government sector in the Emirate of Dubai. The Public Budget of the Government of Dubai reflects Sheikh Mohammed trends assuring need to work within the framework of a fiscal policy which aims to raising economic growth rates and to overcoming the repercussions of the global crisis and in the same time ...  >>MORE

UAE cabinet approves record Dh43.6 billion federal budget for 2010, UAE-US agreement on peaceful nuclear cooperation Posted on 27/10/2009 An extraordinary meeting of the UAE Cabinet presided over by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai approved yesterday a Dh43.6 billion federal budget for 2010. The budget represents an increase of 3.4% compared to 2009 and will be balanced with no deficit spending for the sixth consecutive year. The approved budget, effective on the 1st of January 2010, reflects the UAE's strategic priorities by focusing on social ...  >>MORE

UAE to revamp budget regime Posted on 05/03/2009 The UAE has launched steps to reform the federal budget process as part of its efforts to move into a zero-based budget regime from 2011. With the introduction of the new system, the UAE's federal budget would cover a three-year period instead of the present one year, top officials at the Ministry of Finance said, while speaking at a kick-off meeting for the budget restructuring on Wednesday. "The UAE will still have annual budgets, but they will form part of a three-year budget which will ...  >>MORE

FNC ratifies the Dh42.2bn federal draft budget for 2009 Posted on 01/01/2009 The Federal National Council (FNC) has given its approval for the Federal daft budget for 2009, the biggest in the history of UAE. The FNC session chaired by Speaker Abdul Aziz Abdullah Ghurair was attended by Minister of State for Foreign Affairs HE Dr. Anwar Mohammed Gargash and Minister of State for Financial Affairs HE Obeid Humaid Al Tayer. The Dh42.2bn no-surplus and zero deficit budget covers all ministries and the affiliated federal institutions. The FNC also obtained an ...  >>MORE

Budget of 2009 does not include imposition of tax or new fees: Ministry of Finance Posted on 23/10/2008 The Ministry of Finance, said the budget of 2009 does not include imposition of tax or new fees. It added that it was mulling over issuing treasury bonds for 2010 as per declared strategy of the ministry for coming years. – Emirates News Agency, WAM ...  >>MORE

Dubai's 2008 budget posts Dh11.4 b surplus Posted on 13/01/2008 H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has issued, in his capacity as a ruler of Dubai, Decree No. 8 for 2008 announcing the balance sheet of the emirate, which is expected to touch a surplus of Dh11.4 billion compared to Dh5.1 billion in 2007. Dubai's Revenues of fiscal year 2008 are expected to touch Dh135 billion, while planned spending is estimated at Dh123.6 billion. Dubai's non-oil sector has scored success in regard to production ...  >>MORE

FNC approves draft federal budget Posted on 31/12/2007 The Federal National Council (FNC) on Sunday approved the draft federal budget for 2008 after more than eight hours of debate. The balanced budget expects Dh34.9 billion in revenue, 44 per cent of which will be contributed by the emirates of Abu Dhabi and Dubai; 13.9 per cent from investments returns and 20.9 per cent from etisalat. Various other federal revenues account for the remainder. The session was chaired by FNC Speaker Abdul Aziz Al Ghurair and attended by Dr. Mohammad Khalfan Bin ...  >>MORE

Federal Budget for 2008 the largest in the history of UAE - Kharbash Posted on 22/11/2007 Dr. Mohamed Khalfan bin Kharbash, Minister of State for Finance and Industry confirmed that the federal budget approved by the cabinet yesterday is the largest budget in the history of UAE. Kharbash added that the Dhs.34.9b budget with a substantial increase of 23.7 percent in comparison to the current budget is a balanced one and does not contain any new increase in federal fees. The increase in federal revenue is realised through the country's investments in various sectors in accordance ...  >>MORE

Cabinet approves biggest, zero-deficit budget Posted on 21/11/2007 The Cabinet passed on Tuesday the federal budget for the fiscal year 2008, the largest ever in the UAE's history and the fourth consecutive free-deficit state budget. The budget was approved in a cabinet meeting chaired by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The 2008 budget bill, submitted by the Ministry of Finance and Industry, accounted for Dh34.9 billion, an increase of Dh6.7 billion, or 23.8 percent, compared with ...  >>MORE

2007 budget begins on time Posted on 03/01/2007 Implementation of UAE's federal budget for the fiscal year 2007 started yesterday with the beginning of the year. The federal budget for 2007 stood at Dh 28.4 billion and maintained a zero deficit for the third running year. Dr Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs said that timely implementation of the budget was in line with the directives of H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai to ...  >>MORE

UAE's 2007 budget free of deficit Posted on 16/10/2006 The federal budget for 2007 stood at 28.4 billion and maintained a zero deficit for the third running year. The budget lists both revenues and expenditure at Dh 28.425 billion, compared with Dh 27.878 billion in 2006. In a press conference held in Abu Dhabi yesterday, Dr Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs said that 2007 budget draft, issued for the first time ahead of implementation, focuses mainly on education which makes up Dh 7.1 billion ...  >>MORE

UAE federal budget draft to be presented to the cabinet soon Posted on 10/10/2006 The draft of the UAE federal budget has been finalised and will soon be presented to the cabinet for approval before it is submitted to President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, officials said yesterday. The Financial and Economic committee yesterday approved yesterday the federal budget for 2007, in a meeting headed by Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry. Dr Mohammad Khalfan Bin Kharbash, Minister of State for ...  >>MORE

Khalifa approves Dh27.8b budget Posted on 31/05/2006 THE UAE President and Abu Dhabi Ruler His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued Federal Law No.10 of 2006 with respect to the federation's budget and the budgets of independent bodies for financial 2006. The federation's budget has been estimated at Dhs27.87 billion, including Dhs1.8 billion for settling part of the Central Bank's loan. Income has been estimated at Dhs27.87 billion. The Federal National Council's expenditure and income have been estimated at Dhs50.4 ...  >>MORE

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