Gulf states set to borrow up to $390 billion by 2020
: 2016-04-10
Amazing!!! They should have saved for a rainy day. Perhaps they can put aside some of the expensive projects which are planned.
: 2016-04-10
Gulf states set to borrow up to $390 billion by 2020
Six Gulf Cooperation Council states are expected to post shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre says in report.
Middle East Online
Public finances have been hit hard
KUWAIT CITY - The oil-rich Gulf states are expected to borrow between $285 billion and $390 billion through 2020 to finance budget deficits resulting from low oil price, a report said Sunday.
The six Gulf Cooperation Council (GCC) states, which heavily rely on oil earnings, are expected to post a shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre (Markaz) said in a report.
The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Six Gulf Cooperation Council states are expected to post shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre says in report.
Middle East Online
KUWAIT CITY - The oil-rich Gulf states are expected to borrow between $285 billion and $390 billion through 2020 to finance budget deficits resulting from low oil price, a report said Sunday.
The six Gulf Cooperation Council (GCC) states, which heavily rely on oil earnings, are expected to post a shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre (Markaz) said in a report.
The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Continue reading at:
.:Middle East Online:::.
: 2016-04-10
Amazing!!! They should have saved for a rainy day. Perhaps they can put aside some of the expensive projects which are planned.
: 2016-04-10
Gulf states set to borrow up to $390 billion by 2020
Six Gulf Cooperation Council states are expected to post shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre says in report.
Middle East Online
Public finances have been hit hard
KUWAIT CITY - The oil-rich Gulf states are expected to borrow between $285 billion and $390 billion through 2020 to finance budget deficits resulting from low oil price, a report said Sunday.
The six Gulf Cooperation Council (GCC) states, which heavily rely on oil earnings, are expected to post a shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre (Markaz) said in a report.
The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Six Gulf Cooperation Council states are expected to post shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre says in report.
Middle East Online
KUWAIT CITY - The oil-rich Gulf states are expected to borrow between $285 billion and $390 billion through 2020 to finance budget deficits resulting from low oil price, a report said Sunday.
The six Gulf Cooperation Council (GCC) states, which heavily rely on oil earnings, are expected to post a shortfall of $318 billion in 2015 and 2016, Kuwait Financial Centre (Markaz) said in a report.
The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Continue reading at:
.:Middle East Online:::.
