#budget deficit

Saudi Arabia plans spending cuts in 2021 as economy recovers

The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021

Oman to tap investors to plug budget deficit

Besides signing a bridge loan for OMR770m and issuing OMR550m in development bonds this year, Oman has also been tapping its reserves and privatising some assets

Saudi Arabia reserves grew in July from lowest level since 2010

The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020

Stakes rising in Oman for regional financial aid

The sultanate’s dollar-denominated bonds have lost 1.6 per cent this year, the worst performer in the region

Kuwait runs into resistance on bill to boost borrowing

Kuwait raised $8bn in March 2017 in its first sale of international bonds

Bahrain sells riskiest Eurobond since market reopened

The 10-year bonds yield 7.375 per cent, a substantial yield premium that has attracted more than $7.5bn so far