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Dubai: Expansionary budget

Dubai Ruler Mohammed Bin Rashid Al-Maktoum has approved an expansionary budget for the commercial emirate in the coming year. The 2018 budget, signed into law on 10 December, includes spending commitments of Dh56.6bn ($15.4bn), a 19.5% rise on the current fiscal year. A large proportion of spending – at Dh11.9bn, or 21% of the total – is devoted to infrastructure spending as the emirate continues to prepare for Expo 2020 and to build out the Dubai Metro network.

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