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.

Economics & Finance

13 Nov, 2020

Featured

Oman Introduces Income Tax

As the rollout of VAT in the GCC gathers pace, could personal income tax be next? Oman is considering the move. Its neighbors will be watching.
Oman Public Finances ($bn)
Economics & Finance

20 Nov, 2020

Top Story

Aramco Issues Debt To Ensure Dividend Payout

Aramco has raised $8bn in bonds to meet dividend commitments to Riyadh. State power firm SEC has issued $45bn in Islamic finance to get debt off its books.
Saudi Aramco's Dividend Commitments Far Outweigh Free Cash Flow Over 2020 ($bn)
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NEWS IN BRIEF

Aramco Awards Brownfield LTAs

20 Nov, 2020

UAE’S Borouge-4 Feed Progresses

20 Nov, 2020

Iraq Details New Export Grades

20 Nov, 2020

Safco Buys Sabic Agrinutrients

20 Nov, 2020

Barakah Reactor At 80% Capacity

20 Nov, 2020

ACWA Power Wins Saudi Red Sea Renewables Contract

20 Nov, 2020

Oman To Leverage PDO For $3bn

13 Nov, 2020

Aramco Resumes Reliance Talks

13 Nov, 2020

Read more

SELECTED DATA

1: Qatar'S GDP Growth* Was Lethargic Even Before This Year's Covid-Slump

2: Qatar Government Revenues Fell To A Three-Year Low In 3Q 2020 ($Bn)

1: Algeria’s Fiscal Deficit Is Set For A Hefty Rise In 2020 (% Of GDP)

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