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

29 May, 2026

Featured

Qatar Deficit Soars

Qatar’s budget deficit nearly doubled in Q1 as the Hormuz crisis hit hard, and will widen further in Q2. Sizeable foreign reserves will help it ride out the storm.
Qatar’s Foreign Reserves Are Well Stocked, Providing An Invaluable Buffer Against Revenue Losses ($bn)
Economics & Finance

5 Jun, 2026

Top Story

Libya Oil Revenues Hit Decade-High $3.76bn

Libyan oil revenues are at their highest level in a decade, as the North African state benefits from the market disruption caused by the Hormuz crisis.
Libya Oil Export Revenues ($bn): Noc's Reported Revenues For 2025 Have Rebounded From 2024's Four-Year Low
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NEWS IN BRIEF

Qatar Open To Temporary Hormuz Toll

5 Jun, 2026

Turkey Signs 15-Year Deal For Absheron Gas

5 Jun, 2026

Ewec Inks PPA For 2.6gw Power Plant

5 Jun, 2026

Libya-Oman Sign Upstream MoU

5 Jun, 2026

Egypt: Mina West ‘Promising Production Results’

5 Jun, 2026

Ratio Granted Two-Week Extension To Find New Partner

5 Jun, 2026

Saudi Economy Resilient, Says IMF

5 Jun, 2026

Eni Makes Egypt Western Desert Gas Find

29 May, 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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