Advertise With Us
Sign up for our Newsletter
Join Our Directory
Open an Account

low oil prices

IMF logo

IMF lowers Gulf economic growth forecast with ‘substantial measures needed’

25/04/2016(0)
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export ... Read More
saudi arabia

Saudi Arabia and UAE government bank deposits fall

31/03/2016(0)
Government bank deposits continued to fall in Saudi Arabia and the UAE last month, as the low oil price hits the balance sheets of lenders in both countries. In ... Read More
High-gas-prices

Low Oil Prices Forcing Saudi Arabia To Modernize Economy

28/03/2016(0)
The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the ... Read More
ibrahim-bin-abdulaziz-al-assaf

Saudi Arabia seeks $8bn loan to plug fiscal deficit caused by low oil prices

10/03/2016(0)
Saudi Arabia is looking to raise as much as $8bn (£5.6bn; €7.3bn) from international lenders to help plug a record budget deficit caused by low oil prices. Citing sources, ... Read More
saudi-arabia

Saudi Arabia’s government is looking at smart, alternate revenue sources

21/12/2015(1)
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. ... Read More
dubai emirates tower

Dubai economy picks up with tourist activity on the rise

14/12/2015(0)
Dubai’s economy picked up in November as tourist activity increased against the previous month, an economic survey of the emirate shows. The Dubai economy tracker, a survey of business ... Read More
Broker Cyprus TopFX