Wednesday 26 January 2022
 
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Low oil prices

Saudi budget proposes record $295bn spend next year

Saudi Arabia is set to increase state spending by more than 7 per cent in 2019 to SR1.106 trillion ($295 billion) next year, up from an actual SR1.03 trillion this year, reported Arab News, citing a finance ministry document. The

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Mena M&A market rising despite low oil prices

Low oil price is having little impact on M&A strategy as Mena executives continue their steadfast pursuit of deal-making, according to the latest edition of the EY Capital Confidence Barometer (CCB).  Of the Mena executiv

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Gulf sovereigns eye record funding in bond markets

Bond bankers are scrambling to secure business from beleaguered Gulf sovereigns, which are expected to engage in record breaking fundraising next year to cover widening fiscal deficits. Countries in the GCC are tipped to need more

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Low oil window for oil sector to develop talent

The current period of low oil prices could be an opportunity for GCC-based oil and gas companies to invest in and diversify talent, according to a new report. Given the current glut in oil markets across the wider GCC, many oil &a

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Low oil window for oil sector to develop talent

The current period of low oil prices could be an opportunity for GCC-based oil and gas companies to invest in and diversify talent, according to a new report. Given the current glut in oil markets across the wider GCC, many oil &a

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Lower oil prices may spur the Gulf to diversify

Low crude production costs and fiscal breakeven prices will support the GCC in a period of low oil prices increasing the pressure to diversify away from the hydrocarbon sector, a report said. Because of the region’s accumula

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