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Bahrain launches major reform; zero deficit seen in 2022The Government of Bahrain has announced a comprehensive package of reforms that will secure the kingdom’s long-term fiscal stability. A newly-announced Fiscal Balance Programme - the product of a fa More… |
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Saudi Arabia reform momentum strong says IMFSaudi Arabia's reform momentum under its Vision 2030 is strong, and good progress is being made in reform implementation, the International Monetary Fund (IMF) has said in a report. Saudi Arabia has reduced oil production unde More… |
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Egypt benefits from strong reform momentum: Moody'sEgypt's credit profile (B3 stable) reflects its large and diversified economy and strong reform momentum, set against constraints which include its very weak government finances, Moody's Investors Service said in an annual report today. More… |
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Egypt implementing strong reform: LagardeEgypt is implementing a strong economic reform programme to help the economy return to its full potential, achieve more growth and create more jobs, International Monetary Fund (IMF) managing director Christine Lagarde said. In a More… |
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Investcorp eyeing opportunities presented by Saudi reform planInvestcorp is seeking more opportunities in Saudi Arabia, aiming to capitalise on the kingdom's plans for a significant reform of its economy, the co-chief executive of the alternative investment specialist said on Wednesday. More… |
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Saudi reform plan to be paid for by spending cutsSaudi Arabia will pay for parts of its $72 billion five-year economic reform plan by making efficiency savings and cutting spending on existing projects, Finance Minister Ibrahim Alassaf said. Plunging oil prices since mid-2014 ha More… |
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Saudi pointman for reform has troubleshooter reputationA former food executive and mayor of Jeddah with a reputation for pushing through politically sensitive reforms has become Saudi Arabia's point man for a wide-ranging revamp of the kingdom's economy to cope with an era of low oil prices. More… |
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Saudi's dwindling oil revenues and the challenge of reformSaudi Arabia faces profound challenges to its economy and political system as a result of the slump in oil prices, which will test the skill of the country's ruling elite unless oil revenues recover in the next two years. &nbs More… |
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Business leaders seek greater reforms in Mena regionBusiness leaders from the Mena region at the World Economic Forum (WEF) in Davos this year are calling for greater economic reforms in the Arab World in order to lower dependence on oil, reduce the burden on government budgets, and unlock stro More… |
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Saudi fuel subsidy reforms are 'credit positive'Saudi Arabia has revealed a series of fuel-related subsidy reforms that are credit positive for the sovereign, as they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing More… |
