Major showdown looms as Kuwait’s coffers run dry
Questions swirl over how a state with some 7% of the world’s crude oil supply has managed to run out of money by Jonathan Gorvett...
Category : Economics
IMF Reaches a Staff-Level Agreement for the First Review of the Extended Credit Facility for Somalia
September 24, 2020 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed...
Pressure mounts on Kenyan shilling amid falling forex reserves, remittances
Photograph — Brookings Institute Kenya’s shilling is under pressure due to rapidly depleting foreign reserves mainly triggered by a fall in diaspora remittances, the...
Saudi foreign reserves fall to their lowest since 2011
Oil revenues in the first three months of the year posted a 24% annual decline Oil-rich kingdom slips into $9 billion budget deficit in...
Saudi Aramco bonds lose value in oil price war
A picture taken on November 3, 2019 shows Saudi Arabia’s Aramco displayed on a stock board at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi...
Dubai’s Jobs Vanish at the Fastest Pace in a Decade
Workers take a break at a construction site in Dubai. Economics By Abeer Abu Omar February 10, 2020, 4:57 AM PST Business growth in Dubai...