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4 Oct 24
Gulf nations face calls from the International Monetary Fund to protect their economies by accelerating non-oil reform, cutting energy subsidies and attracting foreign investment.
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14 Nov 23
High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
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18 May 23
Social reforms and governance change need to continue in the Middle East, says the World Bank.
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19 Aug 21
The Kuwaiti Cabinet has ordered all government departments to reduce spending by at least 10% this financial year, to reduce the national deficit.
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5 Aug 21
Falling oil revenues amid Covid-19 reemphasises the need for Gulf Cooperation Council countries to diversify their economies to spread risk, according to a report by World Bank economists.
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6 Jul 21
The global sukuk market will recover from a Covid-19 slump, with issuance to move towards $155bn this year, according to ratings agency Standard and Poor’s.
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21 Jun 21
Continued over-reliance on oil has left Gulf Cooperation Council countries very exposed to shocks amid faltering diversification efforts, analysts have warned.
4 Oct 24Gulf nations face calls from the International Monetary Fund to protect their economies by accelerating non-oil reform, cutting energy subsidies and attracting foreign investment.
19 Aug 21The Kuwaiti Cabinet has ordered all government departments to reduce spending by at least 10% this financial year, to reduce the national deficit.
