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

12 Dec, 2025

Featured

Iraq Faces Sizeable Deficit

Government spending has jumped under Iraqi PM Sudani, even as oil revenues have slumped. The result is an expanding deficit that could hit $20bn this year.
Iraq’s Crude Oil Export Revenues Set To Drop By $11bn This Year ($/B)
Economics & Finance

19 Dec, 2025

Top Story

Saudi Exports Supported By Fall In Domestic Oil Demand

Substantial strides were made in reducing oil burn for power generation this year, dragging down total Saudi oil consumption. The start of a new trend?
Saudi Crude Exports: Modest Increase In 2025 Despite Substantial Production Growth (mn b/d)
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NEWS IN BRIEF

BP’s Kuwait ETSA Extended to Mid-2029

9 Jan, 2026

Kuwait Firms Up Offshore Exploration Plans

9 Jan, 2026

Acwa Power Completes Al Zour Power Purchase

9 Jan, 2026

Israel-Egypt Gas Flows Dropped In Late 2025

9 Jan, 2026

Sonatrach Endorses Algeria’s $60bn Hydrocarbons Plan

9 Jan, 2026

Kosmos To Double Tortue LNG Exports In 2026

9 Jan, 2026

Iran Boosts South Azadegan Processing Capacity

2 Jan, 2026

IMF Agrees $2.7bn Egypt Payment

2 Jan, 2026

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SELECTED DATA

Egypt’s Suez Canal: Revenue & Tonnage Fall Again To New Record Lows* For Q3 2024

Oman Budgets A Cautious $1.6bn Deficit For 2025 As Surpluses Narrow From 2022 Record

Qatar’s 2025 Budget Envisages The First Deficit Since 2020 And The Largest Since 2017 ($bn)

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