Saudi Arabia has seen revenues soar on the back of $100 oil and rising production. If crude prices remain that high, the kingdom’s total oil exports may reach an estimated $287 billion in 2022
foreign reserves
Latest in foreign reserves
financial aid
Saudi Arabia pledges $4.2bn to support Pakistan’s economy
Reserves with Pakistan’s central bank have declined for five consecutive weeks to $17.5bn as of October 15 and the rupee has consistently depreciated against the dollar
Asad Umar
Pakistan fires central bank, tax body chiefs amid IMF talks
Former cricket star Khan faces growing criticism from economists and opposition parties for mishandling the economy and delaying the IMF bailout since coming to power in August
Central Bank
UAE Central Bank assets hit 40-year high of $117bn
Total assets of the UAE Central Bank rise to a four-decade high at the end of March, a growth of 3.5% from the end of 2018
CBUAE
UAE banks’ international reserves hit record high of $110bn
Reserves rose as much as 23.1% or $21 billion
foreign currency reserves
Pakistan’s central bank devalues rupee as finances wobble before election
The Pakistan rupee is the worst performer in Asia this year, according to a basket of 13 currencies
Bahrain debt
Bahrain has enough reserves to keep dollar peg, Al-Maraj says
Bahrain will impose a value-added tax next year to help generate revenue,following Saudi Arabia and the UAE
budget deficit
Saudi foreign reserves rise for third straight month
Central bank’s net foreign assets grew $2 billion from November