GULF WEEKLY: Oman cuts issuance to $2bn, Libyan ceasefire, Hariri returns

GULF COUNTRIES - Report 23 Oct 2020 by Rory Fyfe and Justin Alexander

A skimmable summary of key developments overlaid with our analysis and links to further information. Headlines include:

* The World Bank published slightly more pessimistic forecasts than the IMF.
* Apparent Iranian interference in the US election could complicate sanctions-lifting under Biden.
* Normalization with Israel progressed in the UAE and Bahrain, and Sudan’s PM is said to be open.
* Kuwait scheduled elections for December 5 and passed an expat reduction law.
* Oman issued $2bn in 7 and 12-year tranches, dropping the planned 3-year tranche.
* Oman’s medium-term fiscal balance plan was approved.
* Expat employment in Oman fell by -16% y/y in September (and -22% in the public sector).
* Saad Hariri was nominated for another term as Lebanese prime minister.
* Libya’s ceasefire agreement and rising oil production threaten prices.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.