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Saudi Arabia Doubles Deficit Forecast For 2025
...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Iraq Looks To Tap Unbanked Savings With Domestic Bond Issue
...rket. In August 2017, it issued $1bn in its first independent bond offering at an annual rate of 6.752% which is due in 2023. In January of the same year, Baghdad – with the full guarantee of the United States government – issued another $1bn at 2.149% which is due in January next year. Previously, a $2....
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Saudi Steps Up Spending In Bid To Boost Economy
...lf of 2018 that will see the budget deficit nearly quadruple from 1H 2018. Nevertheless, the expected $39.5bn deficit announced in revised Ministry of Finance figures is still considerably less than 2017’s $63.6bn. Government figures show that the kingdom accrued a deficit of $11.1bn in the first ha...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Abu Dhabi In $10bn Bond, Prices Tighter Than Saudi
...bt to help bridge budget deficits brought about by low oil prices since mid-2014. At the same time investor demand for GCC bond issues remains strong. According to reports quoting the Abu Dhabi bond prospectus, the emirate expects its fiscal deficit to narrow to $3.74bn in 2017 from $7.05bn in 20...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
IMF Praises Iran’s Planned Reforms, But Implementation Is Questionable
...The IMF says Iran’s economic reforms are on the right track. But Tehran has a fight on its hands to implement the reform plans before the 2017 presidential elections. The IMF concluded its second visit to Iran since May this week – and only its second since the 1979 revolution – and is...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016