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.
17 Jul, 2026
Featured
Masdar $6.1bn Financing Deal
Masdar has closed $6.1bn of financing for Abu Dhabi’s pioneering ‘Round the Clock’ solar project. The plant will serve as a model for Masdar’s next wave of solar plants.
Ewec’s Power Generation Facilities
7 Aug, 2026
Top Story
Saudi Arabia’s Deficit Narrows To Two Year Low
$100/B oil enabled a sharp contraction in Saudi Arabia’s budget deficit last quarter, while non-oil revenues reached a record high. Nevertheless, the H1 deficit is already within touching distance of the budgeted full year figure.
Aramco Government Payments ($Bn) Surged In Q2 Due To Higher Effective Royalty Rate
NEWS IN BRIEF
Egypt Signs PPA For 407MW Wind Project
7 Aug, 2026
Aramco CEO: Attack Damage Non-Material
7 Aug, 2026
Saudi Renewable Capacity Reaches 18.8GW
7 Aug, 2026
Luberef Expansion Pushed Back To 2027
7 Aug, 2026
EOG Flows Unconventional Oil In UAE
7 Aug, 2026
Oman Block 54 Partners Plan First Well In 2027
7 Aug, 2026
Houthis Threaten To Reignite War In Yemen
7 Aug, 2026
SELECTED DATA
Qatar Is On Track For Its First Annual Deficit Since 2020 ($bn)
Iraq’s Crude Oil Export Revenues Set To Drop By $11bn This Year As Falling Oil Prices Take Their Toll ($/B)
Saudi Arabia Budget Deficit Topped $30bn Last Year. Deficits Forecast To Stretch Out To At Least 2028
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