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

14 Nov, 2025

Featured

Saudi Arabia’s Deficit Spikes

Last quarter’s deficit was the highest since the Covid-19 pandemic, due to a combination of higher spending and lower revenues. Another big deficit is likely for Q4, as the all-important oil revenues are set to flatline.
Saudi Arabia’s Deficit Surged To Five-Year High $23.6bn In Q3 ($bn)
Economics & Finance

21 Nov, 2025

Top Story

Tunisia Banks $430mn From World Bank For Renewables

The World Bank is to provide $430mn to support Tunisia’s renewable energy program, with the North African state aiming to add 2.8GW by 2028.
Tunisia Powergen (TWh): Renewables Produced A Record 5% For 2024 But Gas Remains Dominant With Imports From Algeria At Near-Record Levels
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NEWS IN BRIEF

Oman Energy Ministry Taps Block 5 For More Oil

21 Nov, 2025

Oman Plans Duqm NGL Project

21 Nov, 2025

Qatar Signs Guyana Offshore PSA

21 Nov, 2025

Iraq-Turkey Discuss New ITP Agreement

21 Nov, 2025

Iraq: Energy Sector Payment Delays

21 Nov, 2025

Egypt 4.8GW Nuclear Plant Nearing Start-Up

21 Nov, 2025

Egypt: IMF Plans December Reviews

21 Nov, 2025

Qatar To Divert 24 Pakistan LNG Cargoes

14 Nov, 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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