05/21/2020
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Kuwait’s extreme dependence on oil is to blame, with hydrocarbon sales accounting for an estimated 90% of total government income.
05/21/2020
Kuwait’s extreme dependence on oil is to blame, with hydrocarbon sales accounting for an estimated 90% of total government income.
05/20/2020
This classification was based on the aggregation of a number of data, including growth forecasts for the current year, as the country is likely to witness a contraction of 1.1%
05/20/2020
This will have obvious implications on how the economies can manage the crisis on the one hand
05/19/2020
The huge rise in government spending sets a major challenge for governments when they turn into each new year.
05/17/2020
These physical risks from climate change will translate into increased socioeconomic risk
05/15/2020
This includes Iranian subversion and acceleration of its nuclear project, as well as Turkey's expansionism in Syria.
05/14/2020
"We may merge ministries and alter bodies. We need a more agile, flexible and speedy government," says Sheikh Mohammed bin Rashid.
05/14/2020
Brent crude is currently trading at around $30 a barrel, about half the level it was when Saudi Arabia announced its budget in December
05/14/2020
It comes as no surprise that the COVID-19 pandemic will halt the growth of GCC Islamic and conventional banks this year as they focus on preserving asset quality rather than business expansion.
05/14/2020
But Tannir said the region had entered 2020 with strong finances and, after an initial phase of assessing liquidity needs, companies and governments are now looking more strategically at potential opportunities.
05/13/2020
Competition ‘is likely to increase’ for firms as number of expats in region could decline
05/13/2020
Emirates NBD and Mashreq both report Dh130m exposure to the business that began as a rice trader
05/13/2020
The report says the deceleration led by the Covid-19 pandemic reflects a slowdown in the tourism sector, disruptions in global value chains and a slowdown in demand from trading partners and in foreign direct investment.
05/13/2020
Likewise, the lower oil price, alongside the sharp slowdown in domestic activity, will help offset the inflationary impact of the weakening lira.
05/13/2020
Moody's estimated Abu Dhabi ran a modest budget deficit of 0.3 per cent of GDP in 2019.
05/12/2020
The UAE’s booming construction and real estate sector emerges as another major weakness.
05/12/2020
But other Gulf countries could extend support in the event of extreme liquidity crunch
05/12/2020
The prices have been reduced almost by half
05/11/2020
The headlines don't read well, but some economists do point to some good news.
05/11/2020
Dubai index fell over one per cent, led by fall in shares of Emaar Properties, Emirates NBD, Dubai Islamic Bank, Amanat and Air Arabia.