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

31 Jan, 2025

Featured

MBS-Trump Spending Pledge

Saudi Arabia’s pledges to hike investment in the US should bolster Aramco’s plans to invest in US LNG projects where Aramco faces competition from other Gulf NOCs.
Saudi Trade With The US Has Dropped Sharply Over The Past Decade ($bn)
Economics & Finance

7 Feb, 2025

Top Story

Qatar Records Fourth Consecutive Budget Surplus For 2024

Despite a 16% drop in revenues, Qatar still managed to notch up a $1.6bn budget surplus for 2024. But for the year ahead, Doha forecasts its first budget deficit since 2020.
Qatar’s 2025 Budget Envisages The First Deficit Since 2020 And The Largest Since 2017 ($bn)
Choose Countries
Load more

NEWS IN BRIEF

Adnoc Refining Gets Low Carbon Aviation Fuel Boost

14 Feb, 2025

Neom Plans $5bn Net-Zero Data Center

14 Feb, 2025

Qatar: 2.4GW New Power Capacity By 2029

14 Feb, 2025

Oman To Boost UAE Power Grid Link

14 Feb, 2025

IEA: New Era Of Slower, Fragmented Demand Growth?

14 Feb, 2025

Adnoc Drilling: Record Revenues, Profits For 2024

14 Feb, 2025

Adnoc Refining Results Weaken Further

7 Feb, 2025

Adnoc’s Ruwais LNG: Scope For Expansion Beyond 9.6mn t/y

7 Feb, 2025

Read more

SELECTED DATA

Egypt’s Suez Canal: Revenue & Tonnage Fall Again To New Record Lows* For Q3 2024

Oman Budgets A Cautious $1.6bn Deficit For 2025 As Surpluses Narrow From 2022 Record

Qatar’s 2025 Budget Envisages The First Deficit Since 2020 And The Largest Since 2017 ($bn)

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.