Economics & 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.

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Sabic Quarterly Revenue ($bn): 2Q20 Total $6.57bn Down 44% From 3Q18's $11.7bn

1. Lebanon GDP Growth Was Forecast At -10.9% For 2020...And That Was Before The Explosion

Egypt Receivables ($Bn, End Period)

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