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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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An economic threat to Gulf states

rocky
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An economic threat to Gulf states Empty An economic threat to Gulf states

Post by rocky Wed 06 Nov 2019, 6:57 am

[size=35][size=35]An economic threat to Gulf states[/size]

Economie


2019-11-06 | 03:38
An economic threat to Gulf states Doc-P-323992-637086229979060299



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Source:
Sputnik

925 views


[size=18]Fitch Ratings International revealed the ratings of the Gulf countries and their future financial economic situation, considering that they will be subjected to labor during 2019 and 2020 with pressure on the balance sheet of sovereign and external, and comes with the worsening of oil prices.


The Agency pointed out that the erosion of financial and external conditions is an important factor in the downgrade of [url=https://www.alsumaria.tv/Entity/47570/%D8%AF%D9%88%D9%84 %D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC/ar/]the Gulf countries[/url] , noting that this remains a negative rating sensitivity in all countries in the region.

The report predicted that most of the financial balances in [url=https://www.alsumaria.tv/Entity/47570/%D8%AF%D9%88%D9%84 %D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC/ar/]the Gulf countries[/url] will deteriorate by 1 to 2 percent of GDP this year, assuming that the price of Brent oil will reach $ 65 per barrel, down from $ 71.6 per barrel in 2018.







The results for the first half of this year show a more narrow fiscal deficit in Bahrain  , Oman and  Saudi Arabia, while Kuwait and Qatar  continue to post surpluses, but this is mostly due to non-recurring entitlements, such as Saudi Aramco's  own dividends and the sale of assets in Oman  . The lagging effect of high oil prices temporarily on hydrocarbon revenues is budgeted.

Fitch explained that its fiscal forecast for 2019 reflects lower average oil prices and increased spending, which are traditionally concentrated by the end of the year, likely to change the price of oil by about $ 10, which will affect government revenues by 2 to 4 percent of GDP, which is Varies depending on the situation of each country.


https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/323992/%D8%AE%D8%B7%D8%B1-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%8A%D9%87%D8%AF%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC%D9%8A%D8%A9
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    Current date/time is Tue 25 Jan 2022, 1:43 pm