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Topic

Gulf Region

Pakistan becomes full member of IOC

Pakistan becomes full member of IOC

Published
ISLAMABAD: Federal Minister for National Food Security & Research, Rana Tanveer Hussain, has said that Pakistan...
IMF talks under way for next review

IMF talks under way for next review

Updated
ISLAMABAD: The International Monetary Fund (IMF) is in talks with Pakistani authorities for the next review under...
Four fuel shipments arrive at ports

Four fuel shipments arrive at ports

Updated
KARACHI: Four vessels laden with gasoline, crude oil, and liquefied petroleum gas (LPG) have arrived at Karachi’s...
Absurd claims

Absurd claims

Published
EDITORIAL: Disinformation campaigns are a well-established tool used by various state and non-state actors to...
More uncertainty for Gulf region

More uncertainty for Gulf region

Published
EDITORIAL: As President Donald Trump’s restoration of the “maximum pressure” campaign against Iran, used in...
Oman says expat workforce fell by 200,000 in year to March

Oman says expat workforce fell by 200,000 in year to March

Published
  • "Expatriates employed in the government sector fell from 53,332 to 49,898. While expatriates employed in the private sector dropped from 1,608,781 to 1,403,287."
  • Oman posted a deficit of 827 million rials ($2.15 billion) in the four months to April, the ministry said on Wednesday, with revenues declining by 27.7% annually during the period.
Saudi bourse down; Kuwait shines

Saudi bourse down; Kuwait shines

Published
DUBAI: Saudi Arabian stocks closed lower on Wednesday, hit by losses in banking and petrochemical stocks, while the...
Oman, Saudi Arabia exposed to declining uplift from wealth funds: Moody's

Oman, Saudi Arabia exposed to declining uplift from wealth funds: Moody's

Published
  • The ratings agency expects oil prices to remain below their trajectory prior to the COVID-19 pandemic as a result of lower demand in sectors like aviation, resulting in higher deficits among Gulf states.
  • Under most plausible scenarios, the level of SWF coverage of government debt stocks will fall significantly for Saudi Arabia and Oman, weakening their fiscal strength over the medium term.
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