01 Oct 2015
(MENAFN) Fiscal policy responses by Gulf Cooperation Council (GCC) sovereigns to lower oil prices are likely to be small compared to the loss of revenues over 2015 and 2016.
The size of the fiscal challenge from cheaper oil varies from country to country, broadly in line with hydrocarbon production per capita, said Fitch Ratings in a statement.
Bahrain, Oman and Saudi to record double-digit deficits in 2015, although all three will benefit from some narrowing next year as capex is scaled back and oil prices start to recover.
However, general government debt levels for these three sovereigns will continue to rise in 2016, as borrowing resumes or increases to help finance deficits.
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
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more