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

26 Jun, 2026

Featured

Oman Surpluses To 2027

Oman is forecast to record two years of surplus, according to the IMF. Muscat is ramping up oil production to record levels to capture windfall revenues from high oil prices while maintaining fiscal discipline.
Muscat Has Managed To Keep Its Fiscal Balance Stable In Q1 ($bn)
Economics & Finance

3 Jul, 2026

Top Story

Egypt Clears IMF Hurdle, But Fiscal Pressures Mount

Egypt is set to secure the next IMF loan disbursement after accelerating privatization and fiscal reforms. But rising fuel import bills and debt service costs alongside ambitious budget targets will test Cairo’s commitment to reform.
2026-27* Will Test Egypt’s Efforts To Slash Spending On Oil Products
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NEWS IN BRIEF

Adnoc Distribution Buys Shell’s South Africa Network

10 Jul, 2026

Adnoc To Reinforce Korea Inventories

10 Jul, 2026

Saudi Arabia Advances Green Hydrogen Marketing

10 Jul, 2026

Egypt Installs Second Nuclear Reactor Vessel

10 Jul, 2026

Petchems Expansion Completed At Saudi Arabia’s Jubail

3 Jul, 2026

Iraq Approves Payment To Excelerate For LNG Terminal

3 Jul, 2026

Kurdistan Targets 170,000 b/d Output Restart

3 Jul, 2026

Adnoc’s Shipping Arm Expects Profit Boost

3 Jul, 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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