Thursday 30 July 2015
 
»
Tag
 
»
deficit

Saudi bond issues to soar as government plugs deficit

Bond issues by Saudi Arabia's government are expected to be worth tens of billions of dollars by the end of 2015 as the state ramps up debt sales to plug a hole in finances created by low prices for oil exports. Central bank g

More…

Saudi issues $4bn bonds to finance budget deficit

Saudi Arabia has issued bonds worth SR15 billion ($4 billion) to local banks this year to finance its budget deficit, its central bank governor was quoted as saying by Al-Iqtisadiya daily on Friday. The bonds will help pay for a b

More…

Egypt draft budget projects 9.9pc deficit, 5pc growth

Egypt's cabinet approved a draft 2015/2016 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing slightly from an expected gap of 10.8 percent in the current fiscal year. The draft, which has yet

More…

Egypt draft budget projects 9.9pc deficit, 5pc growth

Egypt's cabinet approved a draft 2015/2016 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing slightly from an expected gap of 10.8 per cent in the current fiscal year. The draft, which has yet

More…

Qatar cuts GDP growth forecast, sees deficit in 2016

Qatar has cut its 2015 economic growth forecast to 7.3 per cent from 7.7 per cent and now expects its budget to swing to a deficit next year, as opposed to a surplus projected six months ago, the Ministry of Development Planning and Statistics s

More…

Bahraini legislators seek budget rethink

Legislators have asked Bahrain's government to redraw its budget for this year and the next in an attempt to reduce the deficit. They asked the Cabinet, represented by the Finance Ministry, to come up with alternative plans an

More…

Bahrain govt revenues increase 11pc to $8.1bn

Bahrain government revenues increased by 11 per cent to top BD3.09 billion ($8.1 billion) in 2014, compared with estimates. Meanwhile, actual expenditure dropped by 11 per cent to BD3.54 billion, said a report in the Gulf Dail

More…

Bahrain approves $9.47bn budget for 2015

The Bahrain cabinet has approved spending of BD3.571 billion ($9.47 billion) in its budget for 2015, and spending of BD3.721 billion for 2016, the official news agency reported. The budget assumed an oil price of $60 a barrel, for

More…

Oman swings to $937m budget deficit

Oman posted a government budget deficit of RO 360.8 million ($937 million) in 2014 compared to a surplus of RO401 million in 2013, provisional finance ministry data showed on Thursday.      Oman's original 2014 b

More…

Bahrain cbank warns borrowing in the face of oil price

The Central Bank of Bahrain (CBB) has warned that borrowing in the face of oil price drop and the absence of a plan to reduce deficit, will have an adverse impact on the kingdom’s economic stability. With increased governmen

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads