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Liquidity shortage rings alarm bells for Gulf sovereign funds

Gulf Sovereign Funds

Gulf sovereign funds may face a financial crisis due to the lack of liquidity, as public budgets are experiencing large deficits.

Business News Report

More videos: Historic Decline For Gulf States’ Budgets

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At the time the world is trying to fight the Coronavirus pandemic, and amid the repeated economic shutdowns, labor rights violations have escalated in...

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Recording profits of $25 billion in 2020 – the lowest since 2002, Gulf banks net profits in 2020 were the lowest in 7 years,...

Finance

Gulf banks have lost nearly a third of their profits during 2020, affected by the Coronavirus pandemic repercussions and the measures taken to confront...

Business

Gulf economic recovery from the Coronavirus will be slow, which will negatively affect the banking sector, Standard & Poor’s (S&P) credit ratings agency has...