Saudi Arabia’s Other Major Crisis

With $562-billion in net foreign asset, the second largest oil reserves in the world after Venezuela (according to the latest Opec bulletin), and the second largest oil output in the world after Russia – Saudi Arabia’s future looks rosy and solid. Indeed, Saudi Arabia has been able to soothe internal tensions and even manage external […]

Egypt’s Bold Move

Was the Egyptian Government’s decision to turn down loans from the IMF and World Bank a bold move, or will it hurt the economy? Egypt’s decision to turn down International Monetary Fund (IMF) and the World Bank is a bold move, given that the country’s fiscal situation remains fragile. In April and May this year, […]

Dubai Debt Pile in 2012

The year 2012 will be a crucial year for Dubai Inc. as a number of significant debt matures in the year. Analysts expect the emirate to service these maturities, but they expect external support. Here’s a look at Dubai’s options. 2012 is going to be a major year for the emirate of Dubai as it […]