Economics & Finance

Japan’s JICA development agency is bankrolling the upgrade of Iraq’s 210,000 b/d Basra refinery. But the boost to gasoline and diesel yields will not be enough.

As the Trump administration looks to kick off its Middle East peace initiative in Bahrain next week, the tide is already turning against it.

Egypt does not need a new IMF-sponsored economic reform program after completing the current one at the end of...

Tunisia is this month adding 600MW of gas-fired capacity to its aging fleet. This may be enough to avoid outages but it will add to the country's gas import bill.

Jordan’s finances will receive a major boost with the World Bank’s approval on 4 June of a $1.45bn financing...

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Iraq’s production and exports are on the rise. But logistical constraints may hamper further gains, whilst recent falls in oil prices mean revenues may be set to dip.

The second anniversary of the Qatar embargo has been marked with recriminations on both sides. The rift shows no sign of healing. Qatar has little economic imperative to make concessions, without which its opponents are loath to ease the restrictions.

Algeria posted a $10.5bn 2018 deficit, the tenth in a row, though the lowest since the 2014 oil price crash. The numbers have taken a turn for the worse this year.

Algeria on 2 June canceled a second election in three months. The constitutional court rejected the candidacy of both...

Oman’s Duqm Refinery & Petrochemical Industries Company (DRPIC), a JV of Oman state upstream firm OOC and Kuwait state...

Oman will join its GCC peers on 15 June in levying excise taxes on a number of selected goods...