surplus

Egypt achieved a primary budget surplus of 6.1 percent in the fiscal year 2023/24, bolstered by a landmark sale of coastal land to the UAE, said the country’s finance minister. At a press conference, Ahmed Kouchouk disclosed that Egypt’s…
Read More...

Qatar recorded a budget surplus of 2.6 billion riyals ($713.31 million) in the second quarter of 2024, the Finance Ministry said on Wednesday, adding it would use it to reduce public debt. The Gulf state, among the world’s biggest…
Read More...

Egypt’s budget recorded a preliminary surplus of 875 billion Egyptian pounds ($18.14 billion) for the fiscal year 2023/2024, compared to 164 billion during the previous period, a top official revealed. During a Cabinet meeting chaired by…
Read More...

Saudi Arabia’s first-quarter current account surplus widened to SR28.6 billion ($7.6 billion), up 75.46 percent from the previous quarter, driven by strong services exports, an analysis showed. According to S&P Global Market…
Read More...

Kuwait’s trade surplus with Japan surged 53.4 percent year-on-year in February to $652 million, driven by energy products, as exports outpaced imports significantly. According to the Kuwait News Agency, overall exports to Japan soared by…
Read More...

Egypt expects a primary surplus of no less than 3.5 percent in the fiscal year beginning on July 1, Finance Minister Mohamed Maait told a news conference on Sunday. Egypt was aiming to keep its debt ratio at under 90 percent of gross…
Read More...

Oman’s trade balance recorded a surplus of 6.9 billion Omani rials ($17.9 billion) in November 2023, down from 9.5 billion rials in the same period of 2022. Data from the National Centre for Statistics and Information revealed that…
Read More...

Saudi Arabia achieved a surplus of SR16 billion ($4.27 billion) in 2023, contrary to the Ministry of Finance’s estimate of a deficit of SR82 billion released in December. While the Kingdom’s revenues came in at SR1.13 trillion, 5 percent…
Read More...

Saudi Arabia’s trade balance, representing the difference between the nation’s merchandise exports and imports, reached SR113 billion ($30.12 billion) in the second quarter of 2023, as per recently released government data. According to…
Read More...

Qatar’s trade surplus remained broadly stable in June, reaching 17.4 billion Qatari riyals ($4.77 billion), reflecting a slight dip of 4.4 percent from the previous month. The trade surplus decreased by 42.3 percent compared to June last…
Read More...