MIDEAST OIL EXPORT: IMF PROJECTS $320 BILLION DEFICITS

@TheGlobe reporters.

The Middle East's oil producers are bracing for continued pressure from lower oil prices, with the International Monetary Fund projecting cumulative budget deficits of $320 billion over the next five years.

Approximately half of that— or $160 billion— will be sustained by energy-rich Gulf Arab nations between 2018 and 2022. Still, it's significantly lower than the cumulative deficit of $350 billion that Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain have racked up since 2015.

A global drop in oil prices since mid-2014 has forced Mideast oil exporters to take steps to consolidate spending and find new sources of revenue, including implementing sensitive measures like introducing taxes and lifting subsidies.

The IMF says in a report released on Tuesday that progress on these efforts has been uneven.

Comments

TOURISM: NIGERIA

The temple of Yoruba goddess Oshun at Osun-Osogbo , an attraction for pilgrims and tourists alike. African Bush Elephants in Yankari National Park , Bauchi State . Tourism in Nigeria centers largely on events, due to the country's ample amount of ethnic groups, but also includes rain forests , savannah , waterfalls , and other natural attractions. Not also forgetting the enormous potentials of its hospitality sector which is capable of giving you a treat of a life time. The climatic condition in the country is welcoming and the transportation system is most of all adventurous. Come! Visit Nigeria and experience the pleasures of Paradise. Adventure awaits you!

AUDITION DATE FOR MISS NIGERIA OUT: SUBMIT APPLICATION AT ADDRESSES BELOW

Miss Nigeria Organization is calling for entries into the 41st and Diamond Jubilee edition of the most prestigious and oldest pageant in Nigeria. Built as a platform to empower women beyond beauty, select young women have a chance to represent the 37 states (including the FCT) in Nigeria. Through very various strategic activities, they will be empowered to showcase their individual talents while competing for the crown. With a wholesome combination of vintage glamour and modern elegance, the Miss Nigeria pageant promotes positive attributes of Nigerian women and, importantly, does not include a swimsuit competition or any other competitions that do not exude modesty. In addition to winning the prestigious crown, the winner of the Miss Nigeria competition will be rewarded with a luxury car, N3 million, one year free accommodation in Lagos, and other amazing prizes and benefits. Meanwhile, Times Multimedia, organisers of the pageant has shared their plans for this year’s pag

U.S LAW MAKER CALLS FOR MORE VETTING OF PAKISTANS PASSENGERS

President Trump said the New York attacker, Sayfullo Habibullaevic Saipov, who plowed a pickup truck down a crowded bike path near the World Trade Centre, was allowed to enter the US under the "Diversity Lottery Programme" President Donald Trump vowed that he will terminate the popular green card lottery. Washington: A top American lawmaker today called for "more vetting" of people coming in the US from Pakistan, blaming the country of having large terrorist presence. President Donald Trump yesterday vowed that he will terminate the popular green card lottery after an ISIS-inspired Uzbek man who entered the US under the programme killed eight people in New York in the deadliest terror attack in the country since 9/11. "If a person is coming from a country which has a strong terrorist presence, there should be more intense vetting and investigation than there would be from someone not coming from a country similar to that,"

TheGlobe

Search This Blog