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FINANCIAL NEWS
GCC States to raise USD 255-390bn via bonds by 2020
07 May 2016
(MENAFN) The GCC governments are predicted to raise between USD 255bn and USD 390bn amid 2020 by issuance of regional and global debt/bonds.
Moreover, between 2015 and 2016, the GCC nations are expected to record a fiscal deficit of USD 318bn.
On the other hand, Qatar proclaimed its first deficit budget in 15 years, while KSA declared USD 99bn deficit for 2015.
However, pegged currency helps to avoid currency risk, whereas Qatar will seek to raise up almost USD 5bn from a planned bond sale this month.
More News
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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