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Saudi's Q1 budget outturn 'evidence of structural improvements'Saudi Arabia has announced a significant narrowing of the government budget deficit to $2 billion (0.3% of full-year GDP) in the first quarter of this year from $29 billion in the fourth quarter and $9 billion in the first quarter of 2020, acc More… |
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Pandemic, low oil hit Oman’s 2020 budget: reportThe dual shock of the Covid-19 pandemic and plunge in oil prices has undermined various assumptions significantly with serious fiscal implications for Oman’s 2020 budget, said the Sultanate’s Central Bank in its 2019 annual report. More… |
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PPPs gain momentum in Mideast as low oil, Covid crisis bitesInstalling world-class infrastructure and delivering effective public services are central to national agendas across the Middle East region, as governments strive to meet the needs of growing populations. More… |
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GCC banks eye consolidation amid low oil: Moody’sBanks in the GCC region will increase mergers and acquisitions because of the coronavirus crisis and prolonged low oil prices, said Moody’s Investor Service in a new report. "The banks now face larger cost adjustm More… |
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Covid hits Saudi banks’ profitability outlook: reportThe profitability outlook for Saudi Arabia’s banks remains subdued as a result of the twin effects of low oil prices and Covid-19 lockdowns which might impact credit demand and asset quality, said professional services firm Alvarez & M More… |
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GCC asset managers 'under pressure' over low oil, CovidThe Covid crisis, low oil prices and geopolitical tensions are creating pressure on the profitability of the GCC’s asset management industry. The governments' plans to privatise some state-owned More… |
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Oman real estate market 'under pressure' over low oil, CovidThe impacts of the Covid-19 pandemic and lower oil prices will place both the residential and office space rental sectors in Oman's capital Muscat under further pressure over the coming months, according to leading global real estate advis More… |
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Low oil, Covid 'hit Mideast capital projects, infrastructure'Sharply falling oil prices and the impact of Covid-19 has resulted in the capital projects and infrastructure industry in the Middle East navigating a perilous market landscape, forcing many projects to either be cancelled or temporarily place More… |
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Low oil, pandemic hit GCC growth forecasts: S&PS&P Global Ratings has seen an abrupt and severe global credit downturn caused by the Covid-19 pandemic, with corporates and infrastructure players in the GCC countries feeling the effects, according to a new report. "Sin More… |
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Coping with low oil and Covid-19 pandemic in GCCThe dual crisis engendered by the conflict over production levels within Opec + and the reduced demand caused by the Covid-19 pandemic have prompted a global, sector-wide downturn in the oil and gas (O&G) industry in the GGC, a report said. More… |
