1. Crunch Time For GCC Fiscal Reforms

    ...expected to hit 21% of GDP in 2015, but to narrow in 2016 and 2017, according to NBK. Oman has partially offset the drop in oil prices by boosting liquids production to record levels, hitting 1mn b/d in July. BAHRAIN Bahrain like Oman is also among the most vulnerable GCC countries to weak oi...

    Volume: 58
    Issue: 52
    Published at Wed, 23 Dec 2015
  2. Qatar 2016 Budget: $13bn Deficit, The First In 15 Years

    ...rther fall in prices is in the works. As such the deficit is likely to substantially exceed the planning ministry’s estimate. The report sees oil and gas prices rising marginally in 2017 (see table), with Qatar running a second consecutive deficit of 3.7%. The QEO expects Real GDP growth 3.7% in 20...

    Volume: 58
    Issue: 52
    Published at Wed, 23 Dec 2015