Tue, 21-Oct-2025

Kazakhs count cost of living as largest city reels from violence

Kazakhs

ALMATY, Kazakhstan: Before clashes between security forces and government opponents left dozens dead and rendered parts of Kazakhstan’s largest city almost unrecognisable, citizens in the west of the oil-rich country were staging their own protest against a sudden New Year fuel hike. By the time the government rolled back prices for liquefied petroleum gas, a relatively … Read more

Fitch changes Oman’s outlook to stable from negative

Fitch

RIYADH: Ratings agency Fitch has revised the financial outlook for Oman to stable from negative, as higher oil prices and fiscal reforms improve the balance-sheet of the Gulf state, Arab News reported. “The revision of the outlook reflects actual improvements in, and the expected evolution of, key fiscal metrics including government debt/GDP and the budget deficit,” Fitch … Read more