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Kuwait Debt Law Breakthrough: A New Era For Investment?
...ll enable the government to issue debt for the first time since the expiry of the previous financing and liquidity law (called the public debt law) in 2017” (MEES, 7 April 2017). The IMF put Kuwait’s debt at just 3.2% of GDP as of end-2023, and expects this to gradually rise to 25% by 2032 with th...
Volume: 68Issue: 14Published at Fri, 04 Apr 2025 -
Israel Sees Gas Export Revenues Surge 58% To Record $2.3bn for 2022
...a. Deliveries begun way back in 2017 – until the start-up of Leviathan at the end of 2019 these were Israel’s only gas exports – and rose 6% to 18mn cfd for 2022. *But whilst Jordan may be a steady market in volume terms, it has outperformed Egypt in terms of price. Tamar earned a record $7....
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
Saudi Economy: Modest Diversification Efforts Face Bleak Outlook
...oject as it depends on the extent to which not just Saudi Arabia, but also themajor oil-consuming economies, are affected by Covid-19. However, it seems inevitable that it will be considerably sharper than 2017’s 0.7% contraction. The weak economic performance in 2017 was the key driver behind Ri...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Sonatrach Slashes 5-Year Spending Plan: Is It Finally Getting Real?
...ar’s $75bn for 2017-21 and little more than half the $100bn planned for 2014-18. But muddying the water is that actual spending in recent years has seriously lagged the planned figures. Each plan has presumed that ‘one more year’ of austerity will be followed by four years of higher oil prices and in...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Egypt Foreign Reserves Hit Six-Year High But Still Long Way To Go
...e country. The governor also says that the improved financial situation has helped the balance of payments as non-oil exports rose and remittances from Egyptians overseas increased. DRAFT BUDGET APPROVED Egypt’s cabinet on 29 March approved a draft budget for the 2017-18 financial year, wh...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Kuwait Plans To Double Debt Ceiling To $66bn
...s debut Eurobond offering which was three times over-subscribed. Despite the appetite for Kuwaiti debt, the offering was less than the $10bn expected (MEES, 17 March). Mr Salih said the amount raised covered the majority of Kuwait’s financing needs from international markets for 2017. Even under the cu...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Saudi Crown Prince Plots $2,000bn Mega Wealth Fund
...uld likely happen in 2018, or even 2017, he says. The Aramco IPO and the transfer of its shares to the PIF will “technically make investments the source of Saudi government revenue not oil… within 20 years, we will be an economy or state that does not depend on oil,” he says Prince Muhammad, who al...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016