Economy & Finance

The Middle East’s largest economies have long sought to reduce their dangerous dependency on oil revenues, with Saudi Arabia’s high-profile Vision 2030 just the latest in a long list of such strategies. Even the region’s smaller economies have fallen into the trap of heavily subsidizing fuels and electricity, and are increasingly struggling with the financial impact.

Economics & Finance

10 Jan, 2025

Featured

Oman Debt Drops

Muscat is budgeting for a $1.6bn 2025 deficit, but a conservative $60/B oil price forecast means it stands a good chance of notching up a fourth straight surplus.
Oman Budgets A Cautious $1.6bn Deficit For 2025 As Surpluses Narrow From 2022 Record
Economics & Finance

17 Jan, 2025

Top Story

Saudi Tadawul Group Primes Gulf Mercantile Exchange For Growth

Front month activity on the GME’s flagship Oman contract surged 20% last year. Following major investment from Saudi Arabia’s STG more contracts are planned.
Total GME Oman Futures Volumes Have Been Relatively Steady In Recent Years (mn bbls)
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SELECTED DATA

Gains In Saudi Oil Export Revenues Came As Higher Prices More Than Offset Lower Volumes

Dana Gas Receivables ($mn, End Of Period)

Mena's Top Recipients Of Remittance Inflows ($Bn): Egypt & Morocco See 2020 Gains Despite Covid

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