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FINANCIAL NEWS
Arab oil exporters to face budget deficit in 2016
15 Nov 2013
(MENAFN) Energy exporting states of the Arab world are expected to face a fiscal deficit in 2016 as they are not saving enough oil, according to The Daily Star.
The International Monetary Fund said: “Together with substantial oil revenue risks, this prospect underscores the need for countries to build or strengthen their fiscal and external buffers.”
According to Reuters, the GCC countries’ spending boosted by 9.7 percent in 2012.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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