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Saudi Arabia On Course For Trade Deficit With China
...s largest partner of all; China (see chart 1). China has been the largest source of imports for Saudi Arabia since 2017, after jousting with the USA for the top spot in the years prior (see chart 2). The value of Chinese imports has increased each year with the exception of Covid-hit 2020. Last ye...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Algeria Plans ‘Year For The Economy’ In 2022
...creasingly difficult due to the Algerian market’s “modest absorption capacity.” Although the government has vowed not to resort to quantitative easing from the central bank – as it controversially did between 2017 and 2019 (MEES, 28 June 2019) – it continues to engage in what it calls “monetary fi...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
Saudi 2018 Budget Delays Austerity To Jump-Start Flat Economy
...onomic stimulus alongside planned economic reforms will facilitate non-oil sector growth – a key pillar of Vision 2030. The 2018 budget was launched on 19 December. In an accompanying statement the kingdom stated that the economy contracted 0.5% in 2017. An economy mired in the doldrums would ce...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Iran Struggles To Attract Finance As Trump Ramps Up The Pressure
...ong more than 30 foreign companies that have qualified for oil and gas projects in Iran since sanctions were eased, the much touted re-opening of Iran’s oil and gas sector to IOCs is at risk of stalling. Iran was hoping to have signed three deals with IOCs under its new IPC terms by March 2017 (ME...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Middle East Set For M&A Boost In 2017
...nk of Abu Dhabi and First Gulf Bank. Due to be completed in Q1 2017, it will be the largest domestic Middle Eastern deal of all time, creating the largest bank in the Mena region. Many of the region’s biggest banks missed analysts’ earnings estimates in Q3 due to an increase in non-performing lo...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Qatar Slashes 2017 Budget Deficit But Maintains Spending At High Levels
...Qatar Slashes 2017 Budget Deficit But Maintains Spending At High Levels Qatar’s budget for 2017 projects that it will post its second consecutive deficit, although it expects this to fall $8.4bn to $7.8bn. But a conservative oil price assumption means next year’s deficit may actually be as...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Aid For Egypt, Iraq & Jordan
...facilitate access to water in Irbid and improve distribution. Jordan is also the recipient of a $250mn World Bank loan to help redress fiscal imbalances in the energy and water sectors and improve public services. Jordan expects to receive foreign grants of some JD777mn ($1,096mn) in 2017 to lo...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016