Sunday 23 July 2017
 
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deficit

Oman will need external financing support says report

Oman's continued large twin deficits imply a need for material external financing to prevent sustained erosion in foreign assets and to defend the US dollar peg, a report says. Further borrowing is likely to pressure external

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Oman will need external financing support says report

Oman's continued large twin deficits imply a need for material external financing to prevent sustained erosion in foreign assets and to defend the US dollar peg, a report says. Further borrowing is likely to pressure external

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Reason for optimism as Saudi deficit set to narrow

There is reason for optimism among investors in Saudi Arabia as the kingdom’s budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues, a report said.

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Education, military spending take top spots in Saudi budget

Education and military expenditures take the top two spots in Saudi Arabia's 2017 budget, which estimates a spending of SR890 billion ($237.3 billion), an 8 percent increase from 2016.   Revenue is projected

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Saudi Arabia's deficit 'could hit $90bn in 2016’

Saudi Arabia’s austerity, privatization and taxation measures will not be sufficient to reduce the deficit to the desired extent, leading to the kingdom seeing a deficit of $80-$90 billion or 13 per cent of the GDP in 2016, a report said.

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Egypt's current account deficit rises to $18.7bn

Egypt's current account deficit rose to $18.7 billion for the 2015-16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed. Egypt's economy is struggling to recover after a mass uprising i

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Egypt's budget deficit rises to 11.2pc of GDP

Egypt's budget deficit widened to 11.2 per cent of gross domestic product in the first 11 months of the financial year, up from 10.8 percent a year earlier, the Finance Ministry said on Monday. In its monthly report, the minis

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Bahrain posts $468m non-oil trade deficit in July

Bahrain's non-oil foreign trade posted a deficit of BD177 million ($468.5 million) during July 2016, according to the kingdom's Information & eGovernment Authority. The total value of imports reached BD326 million ($86

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Oman H1 budget deficit surges to $9bn

Oman's government posted a budget deficit of RO3.5 billion ($9.1 billion) in the first half of 2016 compared with a deficit of RO1.92 billion a year earlier, as low oil export prices slashed its revenues, provisional Finance Ministry

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Flagging non-oil business dampens outlook for Gulf

Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Last year, growth in the si

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