#International Monetary Fund

Bahrain puts economic recovery ahead of boosting budget revenue

Bahrain’s public finances have been under strain from the twin shock of the pandemic and lower oil prices

Kuwait parliament national assembly

Kuwaiti voters replace more than half of sitting parliament

The incoming legislature will have 31 new members

Oman seeks to raise billions by leveraging biggest oil block

The sultanate plans to transfer its 60 per cent stake in Block 6 from Petroleum Development Oman to a new company

How diversification can ensure sustainable growth in the GCC

Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies

Bahrain offers dollar bond, sukuk to plug growing budget gap

Bahrain is on course to rack up a deficit that the International Monetary Fund projects will be at 15.7 per cent of gross domestic product

Bahrain plans return to debt market with mix of bonds, sukuk

Bahrain is under fiscal strain despite a $10bn bailout package pledged by its wealthier neighbours in 2018

G20 to make debt relief extension call closer to year end

All member countries have started implementing the Debt Service Suspension Initiative that currently is set to only run through December

Saudi central banker says ‘too early’ to call recovery V-shaped

The International Monetary Fund is predicting a 6.8 per cent contraction for Saudi Arabia this year

Saudi Arabia extends some stimulus measures for business

The economy of the world’s biggest crude exporter is expected to contract 6.8 per cent overall this year

IMF warns investors: You’re not ready for climate change

Global temperatures have risen 1.1 degrees Celsius since pre-industrial times and at current levels of greenhouse gas emissions, are set to rise by 3 degrees Celsius by the end of the century