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

22 Nov, 2024

Featured

Oman’s Divestment Plans

Oman is set to raise over $2.5bn in 2024 from selling off stakes in subsidiaries of state energy firm OQ. With $3.7bn already raised, Muscat is set to hit its $5bn-by-2025 target.
Oman Privatization Proceeds ($mn): Record $2.52bn To Be Raised In 2024
Economics & Finance

6 Dec, 2024

Top Story

Saudi Oil Export Revenues At Three Year Low In September

Saudi oil export revenues are set to drop 10% this year as the price support from ‘voluntary’ output cuts weakens. Will the latest cuts extension stabilize revenues?
Saudi Arabia Oil Export Revenues Set For A Steep Annual Decline In 2024 Absent A Late-Year Oil Price Surge ($bn)
Choose Countries
Load more

NEWS IN BRIEF

Adnoc Gas Appoints New CEO

20 Dec, 2024

Adnoc’s XRG: Covestro Stake To Top 90%

20 Dec, 2024

Iran: Record Daily Gas Demand

20 Dec, 2024

Iraq Expands Sainia Refinery

20 Dec, 2024

China’s UEG Commissions Iraq Gas Plant

20 Dec, 2024

BP Agrees Technical Terms For Redevelopment Of Iraq’s Kirkuk

20 Dec, 2024

Saudi Crude Exports Rise As Oil Burn Drops

20 Dec, 2024

Adnoc: Big Hitters For XRG Board

13 Dec, 2024

Read more

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

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.