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Saudi Kicks Off 2019 Fundraising With $7.5bn Bond Issue
...test bond issue will partially cover 2019’s projected deficit of $35bn. According to the Saudi Finance Ministry, debt in 2019 will rise by $31.5bn to $180.8bn (21.7% of GDP), implying that considerably more debt would be raised this year. Following the collapse in oil prices in 2014, the kingdom be...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Qatar Petchems To Benefit From QP’s Upstream Ambition
...January 2018 (MEES, 5 January 2018). Driving through such efficiency-boosting measures has been a hallmark of Mr Kaabi since he took over as CEO in 2014. But he also opted to cancel Qatar’s two petchems projects amid falling oil prices. The $6bn 1.4mn t/y Al-Sejeel polymers project (QP 80%, Qa...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Egypt Delays Subsidy Reform With Economy On The Mend
...ntribution to GDP during 2017-18 was a record, but once that is converted to dollars, the $5.95bn was the highest since 2014-15. Tourism receipts for the first half of 2018 rose to $4.8bn, with full year numbers estimated to reach $9.1bn, the highest since 2012. The sector has been rocked by a series of se...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Algeria Set For 11th Straight Deficit In 2019
...ICES WERE OVER $100/B AS SPENDING MUSHROOMED TO HEAD OFF ‘ARAB SPRING’ CONTAGion; DEFICITS BALlOONED AS OIL PRICES SLUMPED FROM 2014 2: BREAKEVEN VS ACTUAL saharan blend* PRICES ($/B): EVEN BASED ON OPTIMISTIC 2019 BUDGET ASSUMPTIONS ALGERIA WILL NEED $88/B TO BALANCE THE BOOKS; FOR 2018 IT...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019