- Sort by:
- Score
- Published ▼
-
Iran Scrambles To Plug Budget Deficit
...om the original 2019-20 budget. Some IR100trn ($870mn) on additional funding will come from the sale of state-owned assets, and IR45trn ($391mn) from state foreign currency reserves. As of 2017 Iran had foreign reserves of $130bn according to an IMF estimate, although this figure has likely sh...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
Qatar Enlarges LNG Expansion, Drilling Expected Imminently
...is putting its money where its mouth is, this week upwardly-revising its North Field gas expansion plans for the second time since they were initially launched in April 2017 (MEES, 3 April 2017). A fourth 7.8mn t/y LNG train now forms a definitive part of the expansion plans, taking Qatar’s total en...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Algeria’s Risky ‘Cash Creation’ Plan: From One Pocket To The Other
...ned banks – equating to 87% of the total liquidity. Then in July 2017, the rate was further lowered from 8% to 4%, generating a further AD347bn - of which state banks accounted for AD301bn. However, while this helped to create more liquidity in the banking system, adjusting the reserve re...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Saudi Oil Addiction Deepens Despite Ambitious Reform Drive
...st two years are on track for a third consecutive fall in 2017. This is because “non-oil” is dominated by related industries such as petrochemicals production, where prices have fallen along with oil and gas. With oil prices so far this year averaging around 16% more than over the course of 2016, ex...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Saudi Raises Bumper $12.5bn International Bond
...cently confirmed it had qualified 13 Saudi banks to participate in Sukuk issuance. Riyadh initially projected its 2017 budget deficit at $53bn. But the actual figure is likely to be lower: the actual deficit was $19.4bn for 1H 2017. MEES calculates that the deficit for the full year could fall to $40...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Jordan Eyes $1bn Eurobond
...nage. Amman is tapping the international debt market to refinance maturing debt and meet other fiscal obligations as stipulated in the borrowing limits set out in the 2017 budget (MEES, 5 May). In April it issued a 2026-maturity $500mn Eurobond which priced at 5.875%. In its previous Eurobond, in Oc...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Egypt: Economy Looking Up But Long Road Ahead
...vember with the IMF (MEES, 18 November 2016). Foreign direct investment (FDI) rose from $6.9bn in 2015-16 to $8.7bn in the 2016-17 financial year (to June 2017). Inflows in the first three months of 2017-18 put it on track to surpass $10bn, according to Investment Minister Sahar Nasr. This comes as Pr...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Iraq Plans For $42/B In 2017, Exports At 3.75mn b/d
...Iraq is to base its 2017 draft budget on an oil price of $42/B and exports of 3.75mn b/d. Both figures look broadly realistic, albeit with some key caveats. The Iraqi government’s statement on the 2017 draft budget, released 27 September, adopts a $42/B oil price assumption that errs on th...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016