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Will Saudi Geopolitical Crisis Derail PIF Plans, 2030 Vision?
...ve only seen a marginal increase to $250bn. The PIF program’s four key objectives are “growing and maximizing PIF’s assets; launching new sectors; localizing advanced technologies and knowledge, and building strategic economic partnerships” (MEES, 27 October 2017). Therefore, the decision by a ho...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Saudi Calls For Dreamers To Radically Reshape Economy
...s funding is derived from external sources, would leave a big gap in the kingdom’s finances. The kingdom is on track for a $40.7bn deficit in 2017 alone. But perhaps the more serious challenge to Vision 2030 is the willingness of the average Saudi citizens to alter their way of life and culture in...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Bahrain’s Nogaholding Raises $1bn
...18. With the plunge on oil prices since mid-2014 Bahrain is increasingly facing financial pressure to balance its fiscal deficit which is projected to hit $7.1bn in its two-year budget for 2017-18. The oil price assumption for the two years is $55/B, which looks feasible. But the government says it ne...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Iran’s Banking Reform Bills Stalled
...d will elicit a major tussle with government. Mohammad Reza Pour-Ebrahimi head of the Majlis Economic Commission said on 22 October that he expects parliament to approve the final draft of a new banking reform bill by the end of the current fiscal year in March 2017. Although a first draft of th...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Jordan Raises $1bn New Eurobond As It Bags More Aid
...reign grants of JD814mn ($1,148mn). It will also help Jordan carry on with its economic reforms and the restructuring of its debt, he added. The World Bank also has approved an aid package of $1.4bn for Jordan for the period 2017-22 under the Country Partnership Framework (CPF). This package was of...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Lebanese Economy Resilient Despite External Shocks
...rther $4.4bn in Eurobonds in several tranches to meet its fiscal needs in 2015, 2016 and 2017. A draft law has been sent to parliament to seek approval for the larger Eurobond issue by November, the minister said. The ratification of such a law is essential for debt refinancing. Mr Khalil expects th...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014