World Bank Reveals Details of $3b Loan to Egypt

• Monday, 1st February 2016
• by Egypt Oil & Gas

The World Bank has revealed details of the $3b loan to the Egyptian government, which entails raising tax revenue and electricity prices, while reducing government’s wages and energy subsidies.

IMF Recommends Bahrain to Adopt Further Austerity Measures

• Sunday, 31st January 2016
• by Egypt Oil & Gas

Bahrain has announced austerity measures in line with IMF recent recommendations, in a bid to return to international bond market and to finance its expanding budget deficit of 15% of the country's GDP.

Riyadh’s 2016 Budget Targets Deficit by Cutting Public Spending

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

Saudi Arabia has unveiled plans to lower its current budget deficit of $97.9b to $87b in 2016 by making government projects more efficient and cost-effective, cutting public spending by introducing reforms to energy ...

Low Oil Prices Prompt Iraqi Bond Issues

• Wednesday, 24th June 2015
• by Egypt Oil & Gas

Iraq hopes to meet investors by the end of July to present plans for a $5 billion bond issue