Posts filtered by tags: Farouk Soussa[x]


 

Goldman Says #Saudi Peg ‘Here to Stay,’ Though at Cost to Economy - Bloomberg

Goldman Says Saudi Peg ‘Here to Stay,’ Though at Cost to Economy - Bloomberg Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its currency peg’s stability during a period of low crude prices, according to Goldman Sachs Group Inc.“Maintaining the riyal peg at current levels remains a key policy priority for the Saudi authorities,” Farouk Soussa, a London-based analyst at Goldman, said in a report to clients. “In a low oil price environment, however, this...
Tags: Travel, London, Saudi Arabia, Goldman, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Economy Bloomberg, Soussa, Farouk Soussa, Goldman Says Saudi Peg ` Here, Economy Bloomberg Saudi Arabia, U S Federal Reserve Although


#SaudiArabia Oil Data, Price Forecast: Prices May Stay Around $50 Until 2023 - Bloomberg

Saudi Arabia Oil Data, Price Forecast: Prices May Stay Around $50 Until 2023 - Bloomberg:Saudi Arabia’s Finance Ministry sees oil prices at around $50 a barrel for the next three years, according to Goldman Sachs Group Inc.’s analysis of the kingdom’s pre-budget statement.“Using our own estimates for the breakdown of government revenues, we calculate that the numbers presented in the budget statement are based on an average oil price of around $50 a barrel between 2020 and 2023,” said Farouk Sou...
Tags: Travel, London, Saudi Arabia, Bloomberg, Donald Trump, Goldman Sachs Group Inc, Finance Ministry, Rupert Neil Bumfrey, Farouk Soussa, SaudiArabia Oil Data Price Forecast, Goldman Brent


Goldman Says #Saudi Fiscal Adjustment Preferable to a Devaluation - Bloomberg

Goldman Says Saudi Fiscal Adjustment Preferable to a Devaluation - Bloomberg:A currency devaluation would be too costly for Saudi Arabia and the better option is to adapt to the oil shock through fiscal changes, according to Goldman Sachs Group Inc.“Unlike a devaluation, fiscal policy can shift the burden of adjustment on those more capable of bearing it through, for example, taxes on luxury goods,” Farouk Soussa, a Goldman Sachs economist, said in a report. “This is not to say there would be no...
Tags: Travel, Saudi Arabia, Goldman Sachs, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Farouk Soussa, Goldman Says Saudi Fiscal Adjustment Preferable, Devaluation Bloomberg, U S Federal Reserve While Goldman


#SaudiArabia Suffers Crisis Flashback But Finds New Ways to Cope - Bloomberg

Saudi Arabia Suffers Crisis Flashback But Finds New Ways to Cope - Bloomberg:It’s a different Saudi Arabia that confronts another collapse in oil prices.When the kingdom last stared down the crash in crude, it wielded reserves that peaked at over $735 billion in 2014. The stockpile was down by over a third just three years later, channeled almost entirely toward deficit spending.Saudi Arabia may now be blowing through its reserves at the fastest pace in at least two decades, but the government i...
Tags: Travel, Saudi Arabia, Goldman Sachs, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Farouk Soussa, Cope Bloomberg


Goldman Sachs Asks What If #Lebanon Is Forced to Restructure Debt - Bloomberg

Goldman Sachs Asks What If Lebanon Is Forced to Restructure Debt - Bloomberg:Goldman Sachs Group Inc. still sees an imminent debt restructuring in Lebanon as unlikely but is already turning its attention to how much investors could recover as one of the world’s most indebted countries teeters on the brink of financial crisis.Under Goldman’s base scenario, foreign investors would recover 35 cents on the dollar, Farouk Soussa, an economist at Goldman Sachs, said in a report. But he said any debt o...
Tags: Travel, Israel, Bloomberg, Syria, Goldman Sachs, Goldman, Lebanon, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Hezbollah Lebanon, Restructure Debt Bloomberg, Farouk Soussa