The Bahraini cabinet revealed on Saturday that the actual revenues in the final account of the state increased by 11 per cent to BHD3.09 billion compared with 2014 estimates, reports Saudi-based Alyaum.

The cabinet points out that actual expenditures decreased by 11 per cent below the estimates reaching about BHD3.54bn.

It also says that the actual deficit was BHD455m, which is 62 per cent below the estimated deficit.

The estimated deficit in the previous budget was about BHD1.1bn, but the decline in expenses led to lower numbers, as Bahrain is currently following a rational spending policy in the budget.

The deficit in the budget for the financial year 2015-2016 amounted to about BHD1.5bn, while the available budget for every year is estimated at BHD3.5bn.

The cabinet announced stability in the quarterly unemployment rate in the first quarter of 2015 at 3.7 per cent, with the number of unemployed at 6,943 while 4,674 jobs are on offer.

The cabinet was also briefed, through a memorandum presented by the labour minister, on the labour market’s indicators for the first quarter of 2015.

Statistics showed that the number of recruited national job seekers had sharply increased to 6,952, including 2,832 employed in March.

(BHD1 = $2.65, at the time of publishing)

Sudan showcases $16bn worth of investments to UAE investors

Sudan has showcased 102 potential ventures worth $16 billion to United Arab Emirates investors at

14/05/2015

Dubai cash real estate deals total AED33bn in 4 months

The value of properties sold in cash in Dubai in the first four months of

14/05/2015

Protectionism, breach of free trade pacts harm Lebanon’s exports, says minister

Lebanon’s industry and exports will never prosper and grow as long as most countries, even

14/05/2015

Moda Mall supports Ayadi Relief by hosting ‘56 Years Later’ photo exhibition

MODA Mall, the shopping and dining experience for every special occasion, located in the iconic

14/04/2015

Bahrain GFH concludes Ordinary, Extraordinary General Meetings

GFH, the Bahrain based financial group, concluded the Ordinary General Meeting (OGM) and Extraordinary General

14/04/2015

Aluminium Bahrain set to grow with line 6 expansion project

Aluminium Bahrain B.S.C. (Alba) held recently a Management meeting review to give an update on

14/04/2015

Sudan showcases $16bn worth of investments to UAE investors

Sudan has showcased 102 potential ventures worth $16 billion to United Arab Emirates investors at

14/05/2015

Mall of the Emirates launches ‘Feel the Beat’ campaign

Mall of the Emirates, a leading lifestyle destination, furthered its commitment to supporting community health

14/05/2015

Protectionism, breach of free trade pacts harm Lebanon’s exports, says minister

Lebanon’s industry and exports will never prosper and grow as long as most countries, even

14/05/2015