- Sort by:
- Score
- Published ▼
-
Saudi Arabia’s Vision 2030: Five Years On
...ince in 2017. When Vision 2030 was launched five years ago it seemed highly unlikely that it would succeed in all of its highly ambitious goals. But to observers it was clear that Saudi Arabia’s economy needed to be shaken up and that setting out such ambitious targets was no bad thing, even if th...
Volume: 64Issue: 17Published at Fri, 30 Apr 2021 -
Saudi Arabia Announces Borrowing, Reserves Draw-down Plan
...ditional $32bn from its foreign reserves. Foreign reserves exited 2019 at $500bn, up slightly on 2017 and 2018 levels. The kingdom was already planning to run a massive $49.9bn budget deficit in 2020, the highest deficit since 2017, as it seeks to stimulate private-sector economic activity (MEES, 13 De...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
Kuwait Economy: Turbulent Times
...Kuwait’s economy is set to contract for the first time since 2017 as its core oil-sector is ravaged by the impact of the Covid-19 pandemic on the global economy. Kuwait’s economy was already slowing prior to the onset of the pandemic, as a weak global oil sector weighed heavily. Preliminary go...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
Sudan Secures Gulf Aid
...though the US lifted some trade and economic sanctions on Sudan in October 2017, it remained on Washington’s list of sponsors of terrorism (MEES, 13 October 2017). Mr Burhan says a Sudanese delegation could travel to the US this month to discuss the removal of Sudan from this list, although while the mi...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Iran Doubles Down On Unpopular Currency Exchange Controls
...2017, the economy is projected to rise by 4% in 2018, according to the IMF’s April WEO. Official reserves in fiscal 2017-18 (ending 20 March 2018) were estimated at $112bn and are projected to rise to $125bn in 2018-19, although the easy accessible reserves might be less. MEES estimates Iranian oi...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Economy Takes Center Stage Ahead Of Iran Elections
...reatens irreparable damage to market stability. But the health of the Iranian banking system certainly leaves much to be desired with a high level of non-performing loans and lack of liquidity. Several small credit institutions have failed since the beginning of 2017, adding further to systematic pr...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Majors Downgraded, Gulf Sovereigns To Follow?
...sing oil prices. Brent has averaged $45/B since mid-April, some $12/B higher than the agency’s $33/B 2016 oil price assumption (it was February’s decision to downgrade its oil price assumptions that triggered Moody’s ratings review for oil-linked companies and sovereigns; its 2017 oil prices assumption wa...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Total, Eni, Shell Downgraded; BP Escapes
...st production scheduled to come onstream in 2016-18, as well as rising prices, will lead to improvements in the company’s pressurized cash flow-based metrics in 2017 and beyond.” Key among these new “shorter-cycle higher return projects” is Egypt’s Zohr, which is slated to produce from late 2017, ra...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016