2016 federal budget of AED48.5 billion announced

NULL

A federal budget of AED48.5 billion has been approved for 2016. According to national news agency WAM, the approval was made by the Cabinet, in a meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The Minister of Economy of the UAE, Sultan bin Saeed Al Mansouri, said it demonstrates a determination to carry out ambitious projects across vital sectors, including healthcare, infrastructure and the environment. He also added that the budget shows that low global oil prices have had a limited impact on the government’s plans, with non-oil sectors contributing around 69% of GDP.

More from UAE

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio