Trade deficit rises to $41.1bn in May; goods exports fall 0.2%, imports rise 1.9%
Qatar will post its “first current account deficit” in almost two decades this year, as hydrocarbon prices remain depressed, shows a new report by BMI Research, a Fitch Group Company.
Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said.
India has unveiled a budget for the poor, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost Prime Minister Narendra Modi's ruling party in coming state elections.
India should review its mid-term fiscal strategy, a government report urged, in a possible indication that Finance Minister Arun Jaitley may have to borrow more to raise pay for government employees and bail out banks.
Sri Lanka has made a formal request for an IMF bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.
Oman will cut spending this year by 15.6% in the face of lower oil prices but still faces a huge deficit after posting one in 2015.
