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

31 Jan, 2025

Featured

MBS-Trump Spending Pledge

Saudi Arabia’s pledges to hike investment in the US should bolster Aramco’s plans to invest in US LNG projects where Aramco faces competition from other Gulf NOCs.
Saudi Trade With The US Has Dropped Sharply Over The Past Decade ($bn)
Economics & Finance

7 Feb, 2025

Top Story

Qatar Records Fourth Consecutive Budget Surplus For 2024

Despite a 16% drop in revenues, Qatar still managed to notch up a $1.6bn budget surplus for 2024. But for the year ahead, Doha forecasts its first budget deficit since 2020.
Qatar’s 2025 Budget Envisages The First Deficit Since 2020 And The Largest Since 2017 ($bn)
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NEWS IN BRIEF

Kuwaiti Power Minister Resigns

14 Mar, 2025

Total Starts Work On 1GW Iraq Solar

14 Mar, 2025

Libya Restarts Mabruk Oil Field

14 Mar, 2025

UAE $18.5bn Sour Gas ‘Ahead Of Schedule’

14 Mar, 2025

Scatec: 1.1GW Egypt Solar/Storage PPA

14 Mar, 2025

IMF To Lebanon: No Cash Yet

14 Mar, 2025

Qatar: 500MW Power Boost

7 Mar, 2025

US Designates Houthis Foreign Terrorists

7 Mar, 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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