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Public Investment Fund and Asian institution to back platform set up by Aberdeen and Investcorp
Mohammed bin Salman tries to accelerate efforts to diversify oil-dependent economy
More of country’s petrodollar wealth likely to be used to back Mohammed bin Salman’s grandiose plans
Public Investment Fund in push to have foreign groups set up operations in the kingdom
Stimulus packages have come from monetary policy channelled through commercial banks
Drop in receipts belies opportunities, bankers say
Pandemic and falling oil prices are piling the pressure on economies
Egypt’s finance minister Mohamed Maait points to economy’s relatively strong performance despite pandemic
Coronavirus and plunging oil prices may force new leader to turn to Gulf neighbours for help
Kingdom’s energy minister says he will make market ‘jumpy’
First debt sale since 2014 expected to reach $2bn, reflecting strong demand
Investors predict restructuring could be delayed until next year as political crisis deepens
Leaked documents add to concerns Riad Salame relied on shifting accounting practices
Bank branches are barricaded and executives are anxious not to be seen in public
State-backed conglomerate was at the heart of Gulf state’s debt crisis a decade ago
Infighting between government and Banque du Liban threatens to derail emergency funding
Investors are starting to test stability, particularly in the case of the Omani rial
Rial to be changed to the toman after five decades of inflation
A bailout is the Mediterranean country’s only option to refloat its sinking economy
Saudi Arabia’s PIF has snapped up stakes in a cruise operator, oil groups and a football club
Sale of shares in state-run holding company generates income for government
Countries from Jordan to Egypt will struggle to mitigate the pandemic’s economic impact
Bankers and investors expect rush of debt issues from the Gulf region
Government revenues plummet as crude prices sink and private sector cuts jobs
Finance minister says bail-in may be needed amid severe economic and financial turmoil
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