expected to report a 4.7% drop in their fiscal surplus this year, dragged down by deficits in Bahrain and Oman, said a Kuwaiti financial centre. In a study, Markas said the sharp fall in oil and gas prices together with lower output by Saudi Arabia, the UAE, Kuwait, Oman, Bahrain and Qatar will reduce…
MIDDLE EAST: GCC countries to report lower budget deficits this year, said study
Posted on February 1, 2009 by EnergyAsia