Economics & Finance

Oman bagged $20.1bn from exports of crude and condensate in 2018, up $5bn to a four-year high despite a fall in volumes as Oman refines more domestically.

Iran’s draft budget for 2019-20 points to an 8% real-terms fall in spending as US sanctions tighten. Revenue expectations look highly optimistic.

Tunisia’s powerful UGTT union staged a nationwide strike on 17 January hitting the country’s transport, hospitals, schools and state...

Banque du Liban (BdL), Lebanon’s central bank, issued a circular this week calling for all money transfer offices (such...

Enhanced cooperation between Saudi Arabia and Russia through the Opec+ prism is yielding investment dividends. The Russian Direct Investment...

While Libya managed to ramp up crude output to just under 1mn b/d in 2018, continued instability clouds the country’s outlook. Gas exports to Italy are at a seven-year low but this is mainly due to a rise in domestic demand.

Saudi state oil giant Aramco plans a record-breaking Q2 bond as it prepares for a $70bn takeover of petchems-focused state rival Sabic.

Saudi Arabia this week sold $7.5bn in international bonds, the kingdom’s first foray in the international debt market since...

Saudi private energy developer Acwa Power is overseeing power generation projects with a combined 15.5GW of capacity and a...

Egypt’s economy is on the up, boosted by record gas output and power generation. This has enabled Cairo to delay liberalization of gasoline prices from December to April leading the IMF to hold back the penultimate $2bn of Egypt’s $12bn loan agreement.

Algeria plans to cut spending in 2019 in a modest reversal of 2018, when a blowout budget was planned but in reality spending undershot. Algiers is no closer to ending a run of budget deficits stretching back to 2009; it would need an improbable $88/B to balance its 2019 finances with the budget anticipating a $17.4bn deficit.

The Nasdaq Dubai Stock Exchange Announced On 9 January The Start Of Futures Trading In The Value Of Shares...