Local Borrowing to Fund Saudi Deficit Prompted by Oil Prices, Experts Say

• Monday, 22nd June 2015
• by Egypt Oil & Gas

Saudi Arabia is likely to bridge its widening fiscal gap by resorting to domestic borrowing in the near future, according to economists and the International Monetary Fund (IMF).

UAE Facing Fiscal Deficit, Mulling IMF Tax Options

• Sunday, 7th June 2015
• by Egypt Oil & Gas

The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE autho ...

Egypt’s Trade Deficit Rises to EGP 21bn while Petroleum Imports Decline

• Sunday, 24th May 2015
• by Egypt Oil & Gas

Egypt's trade deficit widened to 21 billion Egyptian pounds in February, from 20.2 billion pounds a year earlier, the state's Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday.

Oman Goes from Surplus to Deficit Due to Expenditures & Oil Prices

• Sunday, 29th March 2015
• by Egypt Oil & Gas

Oman government posted a budget deficit of OMR360.8 million in 2014, against a surplus of OMR267.4 million in the previous year.

Oil Prices Strain Gulf Arab Budgets, Retard Growth

• Monday, 9th March 2015
• by Egypt Oil & Gas

Experts say a majority of key oil exporting Arab countries could face a budget deficit of at least $122 billion in 2015 as the result of the falling oil prices.