1. Saudi Sees Rare Trade Deficit As Oil Earnings Collapse

    ...venues therefore dropping steeply to $3.5bn, their lowest level since September 2017, oil’s share of the mix remained high at 64.7%. RECORD HIGHS, RECORD LOWS        April was in some ways a triumphant month for Saudi Arabia. As the previous-Opec+ production restrictions disintegrated, state en...

    Volume: 63
    Issue: 27
    Published at Fri, 03 Jul 2020
  2. Egypt Indicators Show Recovery Is Gathering Pace

    ...yptian economy are looking firmer than they have for some time. The country’s current account deficit fell to $5.3bn for the first nine months of the 2017-18 financial year (ie 3Q17-1Q18), down 58% from $12.5bn a year earlier, though the country’s quarterly trade deficit remains stuck at around $9bn (see ta...

    Volume: 61
    Issue: 27
    Published at Fri, 06 Jul 2018
  3. Saudi’s Economy Gets Boost From MSCI Announcement

    ...SE in September 2017. The addition to MSCI’s EM watch list marks a significant achievement in Saudi’s journey to liberalize its capital markets which started in earnest in May 2015. The country’s main stock benchmark, the Tadawul All Share Index (TASI), gained 5.5% the day after the announcement, th...

    Volume: 60
    Issue: 27
    Published at Fri, 07 Jul 2017
  4. Iran: Payments Start Flowing But Fear Factor Remains

    ...rt of OFAC to be crystal clear about this because they want to keep a little bit of uncertainty and therefore leverage in the system. I think it is unlikely we’ll see normal trade with Iran restored in 2016 – I think it’s more likely to be 2017. It’s all driven by what the US does and says on fi...

    Volume: 59
    Issue: 27
    Published at Fri, 08 Jul 2016
  5. Kuwait Eyes Short Term $17bn Debt Market Boost; Longer-Term Reform Is Needed

    ...uculent parliament. And with elections due by July 2017, MPs will be especially wary of supporting measures that could hit citizens in the pocket when they return from summer recess in October. Kuwait plans to tap the debt market to the tune of KD5bn ($16.7bn at KD1=$3.33) from domestic and in...

    Volume: 59
    Issue: 27
    Published at Fri, 08 Jul 2016