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Monday, 8 August 2016

UAE and Kuwait more comfortable than GCC peers | GulfNews.com

UAE and Kuwait more comfortable than GCC peers | GulfNews.com:

"The UAE’s liquidity position along with Kuwait’s remained more comfortable than most other GCC countries.

Oman, Saudi Arabia, and Qatar continued to experience the greatest tightening pressure. Saudi Arabia and Oman’s larger fiscal deficits resulted in their governments drawing down their banking sector deposits and borrowing from domestic banks.

In Oman, government deposits contracted by -16.5 per cent year on year in May, with total deposits falling -3.4 per cent year on year. This was despite Oman issuing bonds in 2016 and both countries taking international syndicated loans."



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