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MENA oil exporters set for fiscal surplus in 2023: report

Credit metrics in oil-exporting sovereigns in the Middle East and North Africa (MENA) will be supported by another year of fiscal and external surpluses in most cases, based on Fitch Ratings’ assumption that Brent crude oil averages $85

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MENA oil exporters set for fiscal surplus in 2023: report

Credit metrics in oil-exporting sovereigns in the Middle East and North Africa (MENA) will be supported by another year of fiscal and external surpluses in most cases, based on Fitch Ratings’ assumption that Brent crude oil averages $85

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Saudi 9-month budget surplus hits $39.8bn

Saudi Arabia has recorded a nine-month budgetary surplus of SR149.54 billion ($39.8 billion), according to the kingdom's Ministry of Economy data.   The data showed that the Kingdom’s revenues from the

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Qatar budget surplus to hit $19bn in 2023: IMF

The International Monetary Fund (IMF) expects Qatar's budget surplus to grow 57.6 per cent in 2023 to QR70.3 billion ($19.31 billion), compared to QR44.6 billion ($12.25 billion) forecast for 2022.   The IMF&

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Arab economies expected to grow by 5% in 2022: AMF

Arab economies are expected to grow by 5% in 2022, supported by the increase in oil production and its prices in international markets and the continuation of stimulus packages to support economic recovery, said the Arab Monetary Fund (AMF) in a

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Arab economies expected to grow by 5% in 2022: AMF

Arab economies are expected to grow by 5% in 2022, supported by the increase in oil production and its prices in international markets and the continuation of stimulus packages to support economic recovery, said the Arab Monetary Fund (AMF) in a

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UAE budget posts surplus of $2.65bn in H1

The total expenditure of the UAE federal government amounted to AED24.99 ($6.8 billion) by the end of the second quarter of 2020, according to the Budget Execution Report released by the Ministry of Finance. The report puts the to

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Brazilian trade surplus with Arab states up 51.8pc in January

Brazil's trade surplus with Arab countries in January 2020 went up 51.82 per cent to $624.15 million, compared to the same month in the previous year, said an Arab-Brazilian Chamber of Commerce (ABCC) report. Saudi Arabia, Egy

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UAE recorded 2.2pc budget surplus in 2018

The UAE last year recorded a budget surplus of 2.2 percent, largely due to the introduction of the value-added tax (VAT).   The surplus compares to deficits of 0.2 percent, 1.3 percent and 6.4 percent in 2017, 20

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Oman’s trade surplus hits $3.64bn till Sept 2017

Oman’s trade balance recorded a surplus of RO1.402 billion ($3.648 billion) by the end of September 2017 compared with RO944.3 million ($2.455 billion) during the same period in 2016, according to data released by the National Centre for S

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