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

21 Aug, 2020

Featured

Kuwait Faces Cash Crunch

Kuwait’s Finance Minister warned parliament that unless a key debt law is swiftly passed it will be unable to fully pay salaries by November.
Kuwait Export Revenues ($bn)
Economics & Finance

11 Sep, 2020

Top Story

Oman Taps Debt Market To Cover Low Oil Revenues

Muscat is looking to raise $1.43bn from bonds to cover this year’s revenue shortfall. Mounting debt, combined with low projected growth, remains a worry.
Oman Has Managed To Keep Forex Reserves Steady ($Bn)
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NEWS IN BRIEF

US Hits Hezbollah ‘Affiliates’

11 Sep, 2020

Iran Coy On Natanz Blame

11 Sep, 2020

BP Readies Egypt Gas Boost

11 Sep, 2020

Kuwait Fires Up Al-Zour Boilers

11 Sep, 2020

Sabic Issues $1bn In Bonds

11 Sep, 2020

KRG’S Banan Field Restarts

11 Sep, 2020

US Output: EIA Revises Up Near-Term Forecasts, 2021 Revised Down

11 Sep, 2020

Aramco Project Doubts Grow

4 Sep, 2020

Read more

SELECTED DATA

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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