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Historic decline for Gulf states’ budgets

Gulf States' Budgets

Standard & Poor’s credit rating agency expected Gulf states‘ budgets deficit between 2020 and 2023 at $490 billion.

Business News Report


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


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


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


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...