- Sort by:
- Score
- Published ▼
-
Iran Struggling To Implement Crtitical Economic Reforms
...reduce absolute poverty, $383mn for heath care and $480mn to subsidize wheat purchases. In 2017-18 the government’s paid $12.7bn in cash handouts for over 70 million Iranians (MEES, 20 July 2018), a much higher figure in dollar terms than the allocation for this year, mainly because of a stronger ri...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Saudi Arabia Struggling To Reform Economy Despite Ambitious Plans
...ass (MEES, 28 April 2017). And as rebounding oil prices alleviate the government’s fiscal concerns, the imperative for reform lessens. The continued absence of a revamped National Transformation Plan (“NTP 2.0”) is certainly a cause for concern that momentum for reform has been lost. Originally co...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Iran Budget Deficit Stubbornly High As Economic Turmoil Looms
...Iran posted an $8.2bn deficit in the last financial year. But with a growing economic crisis and looming sanctions, this may prove the highwater mark for some time. Iran posted a budget deficit of IR270 trillion ($8.2bn at the fixed budget rate of $1=IR33,000) in fiscal year 2017...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Gulf Bond Issues To Set New Highs As Cash Crunch Continues
...going funding needs. International bond issues by GCC states has been a standout success story in financial markets this year. And on many fronts, it’s a story that is only just beginning. The GCC states collectively issued $25bn worth of international bonds in the first half of 2017, more than ha...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Iran’s Budget Deficit Soars In 2016-17
...int Comprehensive Plan of Action, lower prices meant Iran’s oil revenue rose by only 10% during 2016-17; its share in total budget revenue shrank by 3%. However for calendar 2017 Iran is on course to see oil revenue rise by a whopping 38% ($15.6bn) versus 2016, the result of both higher prices and hi...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Parliament Likely To Water Down Iran’s Planned Banking Sector Overhaul
...oblems in the sector, the credit crunch and the banks’ capital adequacy positions by the end of the current fiscal year in March 2017, but this looks optimistic. DEPOSIT RATES SET AT 15% At the end of June the CBI’s Money and Credit Council (MCC) lowered lending rates following a decision by pr...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
Algeria’s Economy: Sinking Fast Despite ‘Titanic Efforts’
...ds. PRAYING FOR OIL PRICE REBOUND Any hope of Algeria squaring the circle depends on a rapid, large and sustained rebound in oil prices. The state “anticipates hydrocarbons revenues of $35bn in 2017, rising to $45bn in 2018,” Mr Sellal says. The 2017 figure is in line with 2015 revenues when pr...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
World Growth Forecasts Downgraded, Again
...dia. But in a 19 July update to April’s World Economic Outlook, the IMF cut its global growth projections for both 2016 and 2017 by 0.1 percentage points compared to the April report, which already contained a set of steep downward revisions (MEES, 15 April). For the US, the 2016 growth forecast ha...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016