Kuwait’s Problems Continue
World Economy

Kuwait’s Problems Continue

Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday, Alaraby reported. It comes as anger at the government’s austerity measures and cuts to petrol subsidies led to the country’s cabinet resignation and dissolution of parliament. Finance Minister Anas al-Saleh said Kuwait will issue US dollar-denominated sovereign bonds of up to $9.6 billion during the 2016/2017 fiscal year which ends March 31, al-Qabas newspaper reported. This comes on top of a $6.6 billion domestic debt program which is already underway.

Short URL : https://goo.gl/tpNnjy
  1. https://goo.gl/BEUcUg
  • https://goo.gl/O2FUZp
  • https://goo.gl/5sv7Wz
  • https://goo.gl/cfL131
  • https://goo.gl/m5kbWq

You can also read ...

The S&P Mumbai Stock Index Sensex shed 73.88 points or 0.21% and closed at 35,548.26 while the Nifty50 index dropped by  17.85 points or 0.17% and settled at 10,799.85.
It is expected that the latest installment of concerns over...
Markets in Argentina, Brazil and Turkey took  the biggest hits from the fed rate hike.
Higher US rates are rattling many emerging markets in much the...
Copper Slips to 2-Week Low
Copper eased for a third session on Monday on fears trade...
New Zealand Economy Facing Headwinds
New Zealand’s economic growth is expected to have slowed...
Without users, it would simply be a worthless token.
Cryptocurrencies are not scalable and are more likely to...
JPMorgan argues the record levels of debt in the US are a clear late-cycle indicator—and sees tough times ahead, at least in credit markets.
It seems like every time Joseph Harvey opens the Wall Street...
Egyptian Lawmakers Decry Sisi Gov’t Economic Reforms
A group of Egyptian lawmakers on Sunday criticized recent...
Turkey Jobless Rate Falls to 10.1%
Turkey’s unemployment rate stood at 10.1% in March, falling 1....

Add new comment

Read our comment policy before posting your viewpoints