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

23 May, 2025

Featured

EU Punishes Dubai-based Firm

The EU has slapped sanctions on Eiger Shipping, the Dubai-based shipping arm of Litasco Middle East, for its role in the Russian oil trade.
Russian Refined Products Exports ('000 b/d)
Economics & Finance

30 May, 2025

Top Story

Saudi Oil Export Revenues Drop Sharply

Saudi export revenues were down nearly 10% year-on-year in Q1, and the situation will have worsened further in April.
Quarterly Saudi Oil Revenues ($bn) Start The Year Down $5bn On 2024 Levels
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NEWS IN BRIEF

Amea Starts Up 500MW Egypt Wind Project

6 Jun, 2025

Chevron Begins Aphrodite Seabed Survey

6 Jun, 2025

OMV Exits Abu Dhabi Sour Gas Development

6 Jun, 2025

EDF, Kowepo To Team Up At Abu Dhabi’s Zarraf Solar

6 Jun, 2025

Sudan Secures Additional Power From Egypt

30 May, 2025

Sudan Denies Using Chemical Weapons Following US Sanctions

30 May, 2025

Saudi Arabia Confirms PNZ Discovery

30 May, 2025

Turkmenistan-Iran-Iraq Gas Deal Hits The Buffers

30 May, 2025

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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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