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

3 Mar, 2023

Featured

Qatar Nets Surplus For 2022

Qatar secured a $24.5bn surplus for 2022 thanks to resurgent oil and gas revenues amid the market dislocation generated by Russia’s invasion of Ukraine.
Qatar Hit A Surplus Of $24.5bn In 2022 ($bn)
Economics & Finance

17 Mar, 2023

Top Story

Saudi Arabia Nets $27.7bn Surplus For 2022

Riyadh cashed in on last year’s oil market upheaval, notching up its first budget surplus since 2013. Though oil prices have cooled off, 2023 is set for a second straight surplus.
Saudi Arabia Swung From 2021 Deficit To A $27.7bn Surplus For 2022. Forecasts For 2023 More Modest ($bn)
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NEWS IN BRIEF

Saudi Aramco Eyes Overseas LNG

17 Mar, 2023

IEA Flags Surge In Jet Demand

17 Mar, 2023

Korea: Record Oman LNG

17 Mar, 2023

Eni Q3 Morocco Wildcat

17 Mar, 2023

China The 2023 LNG Market Wildcard As Gas Output Surges

17 Mar, 2023

Somo Tenders More Kirkuk

10 Mar, 2023

Saudi Hikes Heavy Price

10 Mar, 2023

Israel Adds More Golan Wind

10 Mar, 2023

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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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