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FINANCIAL NEWS
GCC oil revenues to be lower by USD400bn
20 Oct 2016
(MENAFN) According to the IMF prediction, despite recent development in oil prices it is projected those fiscal deficits of GCC States will remain large.
Additionally, all nations are projected to record fiscal deficits this year, and only Iraq, Kuwait and the UAE will post surpluses by 2021.
Moreover, cumulative fiscal deficit amid 2016-2021 are predicted to be almost USD765bn, down from USD1.1tr in April this year.
However, GCC States face growing hard policy choices to achieve the notable medium-term fiscal adjustment their economies still need.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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