Sunday 30 August 2015
 
»
Tag
 
»
Budget

Saudi forex under pressure as oil policy bites

Domestic macro costs of Saudi Arabia’s unchanged oil policy are likely to become more acute  and apparent, a report said, highlighting that safeguarding forex reserves will require deep budgetary cuts at current oil prices, rather tha

More…

Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

More…

Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

More…

Oil slump leaves Saudi with tough choices

Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – $4 billion in July. The kingdom is highly reliant on oil – account

More…

Kuwait to reschedule development projects

Kuwait is planning to reschedule its development plan citing the deficit in its budget, according to a report.   The government is also set to reconsider its developmental projects because of the deficit that res

More…

Oman budget deficit hits $4.98bn in H1

Oman posted a budget deficit of RO1.92 billion ($4.98 billion) in the first half of this year, against a RO250 million surplus a year earlier, because of lower oil export prices, provisional Finance Ministry data showed on Wednesday. &nbs

More…

Saudi Arabia plans up to $5.33bn bond sale

Saudi Arabia could raise up to SR20 billion ($5.33 billion) from bonds on Monday, opening its sale to commercial banks for the first time since it returned to the debt market last month to fill a budget gap caused by falling global oil prices.

More…

Oman swings to $3.9bn deficit in Jan-May

Oman posted a budget deficit of RO1.50 billion ($3.90 billion) in the first five months of this year, swinging from a RO232.9 million surplus a year earlier. The deficit is due to lower oil export prices, provisional financ

More…

UAE to cut state spending by 4.2pc

The government of the United Arab Emirates is expected to cut spending by 4.2 per cent this year because of low oil prices, which are slashing its energy export revenues, a central bank report said on Monday. The UAE does not regu

More…

Kuwait increases new refinery cost sharply

Kuwait’s Supreme Petroleum Council has endorsed a request to sharply increase the budget for a new refinery after most of the bids exceeded initial estimates, the oil minister said yesterday. Ali Al Omair said the figure for

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads