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Saudi Arabia approves $37bn borrowing plan for this yearSaudi Arabia's Minister of Finance Mohammed Abdullah Aljadaan has approved the annual borrowing plan for the fiscal year 2025, following its endorsement by the Board of Directors of the National Debt Management Center. & More… |
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World heading for 'great reset', says S&P reportRates stress is likely to force a 'Great Reset' of borrowing and lending practices and policymaker mindset, says an S&P Global Ratings report. Rising rates and slowing economies pose a crisis risk. More… |
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World heading for 'great reset', says S&P reportRates stress is likely to force a 'Great Reset' of borrowing and lending practices and policymaker mindset, says an S&P Global Ratings report. Rising rates and slowing economies pose a crisis risk. More… |
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Higher oil cuts GCC's urgent borrowing needs, says MoodysDuring the past week, oil prices have risen to nearly $70 per barrel, up from $52 at the end of last year. If sustained during the rest of the year, higher oil prices will reduce the immediate government borrowing and external financing needs More… |
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Bahrain MPs limit govt borrowing despite warningsBahraini MPs have voted to limit government borrowing despite warnings that it would result in dramatic cutbacks in public spending. Parliament unanimously approved a proposal to cap state borrowing at 60 per cent of gross domestic product (GD More… |
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Bahrain MPs back debt ceilingBahrain’s government could soon be forced not to exceed 60 per cent of gross domestic product (GDP) when going for borrowing. Parliament’s financial and economic affairs committee has backed the Shura Council’s new law that p More… |
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NBAD becomes securities lending and borrowing agentNational Bank of Abu Dhabi (NBAD) has become the first bank to operate as a securities lending and borrowing agent for the UAE market, after it was granted approval by Securities & Commodities Authority (SCA). More… |
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Bahrain cbank warns borrowing in the face of oil priceThe Central Bank of Bahrain (CBB) has warned that borrowing in the face of oil price drop and the absence of a plan to reduce deficit, will have an adverse impact on the kingdom’s economic stability. With increased governmen More… |
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Saudi to discuss deficit financing with central bankSaudi Arabia's Finance Ministry will discuss with the central bank its options for financing the large state budget deficit expected next year, and may cover some of the shortfall with borrowing, Finance Minister Ibrahim Alassaf said. More… |
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$13bn loan cap revision rejected in BahrainBahrain's Shura Council has rejected a request from the government to modify the terms of a BD5 billion ($13.1 billion) borrowing cap approved earlier this month. Minister of State for Parliament and Shura More… |
