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

4 Apr, 2025

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Kuwait New Debt Law

With parliament suspended, Kuwait is seeking to implement overdue reforms aimed at diversifying and growing the economy. A long-awaited debt law has now been approved, could the cumbersome power plant investment framework be next up for reform?
Kuwait Government Finances ($bn): Budget Forecasts $20bn Deficit For 2025/26
Economics & Finance

11 Apr, 2025

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Egypt Economy: Trump’s Tariffs Highlight Fragility

Buoyed by an influx of foreign cash earlier this month, Egypt’s economy appeared to be on the mend, but US President Trump’s tariffs have highlighted its continued fragility.
Egypt Foreign Reserves* Inch Up Yet Again To Record $47.8bn For 1Q 2025 ($Bn-End Quarter)
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NEWS IN BRIEF

Iran-US Talks: Mixed Messages

18 Apr, 2025

Iraq: Total GGIP Awards

18 Apr, 2025

Sisi Snags $7.5bn Qatar Cash

18 Apr, 2025

Egypt Readies Military Firms For Privatization

18 Apr, 2025

Libya: ‘Double Spending’ Blamed For Devaluation

18 Apr, 2025

Mauritania’s Tortue: First Cargo

18 Apr, 2025

Oman: State Renewable Stakes

18 Apr, 2025

US-Iran Prepare For Muscat Talks

11 Apr, 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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