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.
11 Dec 2025
BBK launches December Grand prizes campaign offering over One Million Bahraini Dinars to over 280 Winners!
11 Dec 2025
BBK hosts an Induction Day to welcome new colleagues from HSBC Bahrain, marking a successful transition and integration
04 Dec 2025
BBK celebrates Bahraini Women’s Day with the graduation of 20 female leaders from Harvard and Cornell Program
04 Dec 2025
BBK launches a new suite of HSBC Mutual Funds to expand Global and Islamic investment opportunities
30 Nov 2025
BBK successfully completes the transfer of HSBC Middle East, Bahrain Retail (Consumer) Business to BBK
30 Nov 2025
BBK launches exclusive Mortgage Financing offers in collaboration with Best Location Properties
27 Nov 2025
BBK acts as Joint Lead Manager and Bookrunner in a US$ 500 Million bond issuance for Bank of Sharjah
26 Nov 2025
BBK launches a new promotional and service platform at the Ministry of Housing and Urban Planning
20 Nov 2025
BBK partners with Lumofy to enhance employee capabilities through innovative AI-driven solutions
18 Nov 2025
BBK partners with Kanoo Motors to launch exclusive offers on Deepal Range-Extended Electric Vehicles
18 Nov 2025
BBK partners with Asia Jewellers to offer exclusive benefits for customers at Jewellery Arabia 2025
10 Nov 2025
BBK launches “Sustainability Academy” to equip employees for the future of Sustainable Banking
05 Nov 2025
BBK rewards 202 winners with a total of BD 450,000 in the September “Al Hayrat” Grand prizes draw
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