Egypt’s economic crisis deepens as reform delays pile on fiscal and debt pressures
fiscal deficit
Latest in fiscal deficit
debt ceiling
Angry White House questions Fitch’s rationale after rating downgrade
On Tuesday, Fitch became the second major rating agency to downgrade the US government’s top credit rating
debt ceiling
Fitch downgrades US sovereign credit rating amid fiscal deficits
The move, however, drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago
currency crisis
Indian rupee expected to slide further against the US dollar
The rupee is expected to weaken due to concerns about a rise in crude prices
Crude price
Rising oil prices helps Oman reduce fiscal deficit by 46%
Net oil revenues rose 34.8 percent amidst a recovery in crude prices
Bahrain
Bahrain pledges to repair finances as it awaits Gulf aid
Prime Minister Khalifa Bin Salman Al Khalifa sets up a committee to devise plans to balance the budget
Bahrain economy
Take steps to slash budget deficit, IMF tells Bahrain
Already announce policies will reduce the country’s fiscal deficit to 11 percent in 2018, down from 14 percent in 2017
