Sovereign wealth
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GCC sovereigns will continue to run fiscal deficits, says Moody's
Economic reforms unveiled by the countries of the GCC has slowed the fiscal deterioration caused by lower oil prices, although progress has been uneven across the region, according to a report from credit ratings agency Moody’s. “Lower oil prices since 2014 have significantly weakened GCC sovereigns’ public finances,” the report…
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Click here to read the full story: Arabian Business