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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.
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As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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