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

9 Jan, 2026

Featured

Oman Expects Budget Deficits

Oman has pulled out of a dire fiscal tailspin over the past five years, but low oil prices are providing a challenge, with the recent return of modest deficits.
Oman Records First Deficit Since 2021 As It Budgets For A $1.4bn Deficit For 2026 ($bn)
Economics & Finance

16 Jan, 2026

Top Story

Bahrain’s BxT Trading Launch Marks Full House For GCC NOCs

Bapco and TotalEnergies have now launched their BxT trading joint venture, which is backed by flows from the expanded Sitra refinery.
Sitra Refinery Started Ramping Up Output To Its New 405,000 b/d Capacity In September 2025 (‘000 b/d)
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NEWS IN BRIEF

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23 Jan, 2026

Financial Close Reached For Abu Dhabi’s Khazna Solar Project

23 Jan, 2026

Saudi Pledges $500mn To Yemen After UAE Withdrawal

16 Jan, 2026

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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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