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

28 Aug, 2026

Featured

Saudi Export Revenues Drop

Saudi oil export revenues fell below 2025 levels for the first time since the start of the conflict in June. But its trade balance remains firmly in surplus.
Saudi Arabia's Monthly Oil Export Revenues ($bn) Fall Below 2025 Levels For First Time Since January
Economics & Finance

4 Sep, 2026

Top Story

Six Months Of Economic Turmoil For The GCC

The Middle East conflict has impacted GCC economies in markedly different ways. Oman has benefitted, while Qatar has struggled to adapt.
Prior To The Conflict, The IMF Expected The GCC States To Post Strong Growth Figures In 2026 (%)
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NEWS IN BRIEF

Iran Cuts Gasoline Subsidy

11 Sep, 2026

Faihaa Gas Plant At Full Capacity

11 Sep, 2026

Oman Ratifies Two Upstream Awards

11 Sep, 2026

Infinity, Hassan Allam Sign 1GW Wind PPA

11 Sep, 2026

Mcdermott Wins Cronos Contract

11 Sep, 2026

Egypt, Cyprus, Greece Push Gas Links

11 Sep, 2026

Libya, Tunisia Open Joint Oil Bid Round

11 Sep, 2026

Adnoc Adds Two LNG Ships To Fleet

28 Aug, 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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