Tag: budget deficits

S&P Global’s Karim Nassif tells FTSE Global Markets GCC infrastructure is expected to remain stable despite rising deficits

Since 2014, low oil prices have contributed to rising deficits in the Gulf Cooperation Council (GCC). S&P Global Rating’s regional expert and associate director, Karim Nassif, shows FTSE Global Markets that growing deficits are transforming GCC governments’ subsidy and tax policies, and are expected to spur much needed financial innovation throughout the region. Amid weaker …

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BNY Mellon and TXF host trade finance focused roundtable in Abu Dhabi

The financial landscape is undergoing a significant period of change, with banks facing heightened levels of regulation, the evolution of new technology capabilities introduced by fintechs, and ever-increasing client expectations. Furthermore, as a region heavily dependent on oil, the Middle East must also navigate low oil prices and subsequent budget deficits. Certainly, these are challenging …

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