#Subsidies

Kuwait asks ministries to cut spending by 10% amid budget gap

The OPEC member posted record $36bn budget deficit in 2020

Oman is planning a second debt sale in 2021 with dollar sukuk

Oman successfully tapped the international debt market in January, raising $3.25bn

Oman to start removing utility subsidies from January 2021

The subsidies for the electricity and water sector are about $1.95bn