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Panel notes shortcomings in revenue transfer to Treasury - ARAB TIMES

PM absence regretted KUWAIT CITY, March 11: The parliamentary Education, Culture and Guidance Affairs Committee on Wednesday approved bills regarding the allowance of Kuwaitis studying at Kuwait University and the Public Authority for Applied Education and Training (PAAET), as well as those on local scholarship. Committee Chairman MP Hamad Al-Matar disclosed that they approved the proposal to increase the allowance from KD200 to KD300 per month; as well as the suggestion to add male Kuwaiti students married to non-Kuwaitis, Bedouns and children of Kuwaiti women married to non- Kuwaitis to the beneficiaries of the allowance. He explained that Bedouns were added to the beneficiaries, taking into consideration their small number and the need to support them as their success in pursuing higher studies implies they are excellent and dedicated students. In another development, the Budgets and Final Accounts Committee on Wednesday tackled two issues – profits retained by several publ

UAE economy on track for early recovery

UAE economy on track for early recovery
khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.

UAE s economy shows remarkable ability to overcome virus impact

UAE’s economy shows remarkable ability to overcome virus impact 11 Mar 2021 The UAE’s top bank reveals that early recovery signs began to emerge in the second half of 2020. In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central Bank of the UAE revealing that early recovery signs began to emerge in the second half of 2020. The UAE is among the first countries to start this recovery phase, ranking first in the Arab region in the COVID Economic Recovery Index Ranking issued by the Horizon Research Group. In December 2020, the UAE government has received Aa2 rating in creditworthiness - which is the highest sovereign rating in the region - with a stable outlook for the national economy by the international rating agency, Moody’s. This is another testament to the success of the country’s financial and economic vision and policies, and the strength and stability of its economic, financial

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