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

25 Apr, 2025

Featured

IMF Slashes Global Outlook

Mounting global economic uncertainty stemming from Trump’s tariffs has led the IMF & World Bank to slash growth forecasts, with those for oil demand also down.
Major Forecasters All Downgraded Oil Demand Forecasts This Month (mn b/d)
Economics & Finance

9 May, 2025

Top Story

Saudi Budget Deficit Swells To Largest Since 2021

Saudi Arabia’s Q1 deficit of $15.7bn accounts for more than 50% of its budgeted 2025 deficit; and the full impact of low oil prices has yet to hit.
Saudi Arabia Budget Deficit Topped $30bn Last Year. Deficits Forecast To Stretch Out To At Least 2027
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NEWS IN BRIEF

Oxy Steps On The Gas In Oman

9 May, 2025

Scatec Breaks Ground On 1.1GW Egypt Solar & Storage Project

9 May, 2025

Iraq Suffers Blackouts As Temperatures Rise

9 May, 2025

Opec Insider, Wartime Operator: Remembering Abdul Samad Al-Awadhi

9 May, 2025

Gulf NOCs Step Up LNG Trading

2 May, 2025

Aramco, Nabors Consider IPO Of Sanad Drilling JV

2 May, 2025

Oman: Marsa LNG Advances

2 May, 2025

Qatar-Shell Ink 25-Year Condi Deal

2 May, 2025

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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)

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