27.08.2010 - Moody’s cautious on Islamic banking?
From Arabianbusiness.com: Most Gulf countries predicate their domestic fiscal budgets on an oil price of $40 to $50 a barrel. Anything more than that, as the kids say, is gravy. Moody's reckons Bahrain now needs the oil price to be around the $80 mark to balance the books, a state of affairs that it says also makes it cautious on the Kingdom's economic outlook. It points out that last year Bahrain had a budget deficit of 7.3 percent of GDP, although it does concede this is likely to narrow to 0.8 percent in 2010..............................................Full Article: Source
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