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  1. Fitch ‘Junks’ Oman

    ...one rung above junk (MEES, 23 March), whilst S&P on 9 November affirmed Oman at BB with a stable outlook. Oman has seen several downgrades since oil prices dived in the second half of 2014. Despite this year’s oil price recovery, Oman has been unable to improve its deficit-to-GDP ratio. This ha...

    Volume: 61
    Issue: 51-52
    Published at Fri, 21 Dec 2018

  2. Saudi Reveals Optimistic 2019 Budget But Still Expects To Load Up On Debt

    ...is is a year-on-year increase of $11.2bn but is still well down on the August 2014 peak of $746bn. Clearly there is considerable scope for the kingdom to again turn to its reserves to finance its deficits, but with Riyadh not planning on balancing the budget before 2023, it can’t lean too heavily on th...

    Volume: 61
    Issue: 51-52
    Published at Fri, 21 Dec 2018