Kiev could default on its enormous debts as early as next month if it fails to negotiate a restructuring deal with its creditors, The Economist reported on Sunday.

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 20.97 points, or 0.18 percent, to close at 11,658.53.

SINGAPORE: Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains, according to Reuters.

RIYADH: Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022.

Fitch has affirmed ‘AA-’ rating for the UAE with a stable outlook, based on the Emirate’s strong external asset position and a high GDP per capita.

The International Monetary Fund (IMF) said on Thursday that Sri Lanka’s agreements with China and other creditor nations to restructure about $10 billion in bilateral debt took the island nation a step closer towards restoring debt sustainability.