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

19 Dec, 2025

Featured

Saudi Demand Shift

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)
Economics & Finance

9 Jan, 2026

Top Story

Oman Expects Back-To-Back Budget Deficits

Oman has pulled out of a dire fiscal tailspin over the past five years, but low oil prices are providing a challenge, with the recent return of modest deficits.
Oman Records First Deficit Since 2021 As It Budgets For A $1.4bn Deficit For 2026 ($bn)
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NEWS IN BRIEF

PPAs Signed For 2.6GW Gas Power Plants In Oman

23 Jan, 2026

Oman: United Solar Secures Full $1.6bn Financing

23 Jan, 2026

UAE-India Sign $3bn Ten-Year LNG Deal

23 Jan, 2026

Total’s Iraq Solar: Phase One Installation Complete

23 Jan, 2026

Korea Crude Imports: Mideast Volumes & Share Drop To 3-Year Low

23 Jan, 2026

Korea Imports Record LNG For 2025, But Mena Share Down

23 Jan, 2026

Financial Close Reached For Abu Dhabi’s Khazna Solar Project

23 Jan, 2026

Saudi Pledges $500mn To Yemen After UAE Withdrawal

16 Jan, 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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