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

17 Apr, 2026

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Oman Record Exports

The economic outlook for GCC economies for this year has been revised down sharply. But Oman looks set for record oil export revenues in May.
Oman Oil Export Revenues ($bn)
Economics & Finance

17 Apr, 2026

Top Story

Egypt Aims To Pay Down Arrears To IOCs By End-June

Rising energy import costs make it imperative for Egypt to boost its domestic oil and gas production. Yet despite fiscal pressures, the government has pledged to clear IOC arrears by mid-year.
Egypt Oil Output Rises To 13-Month High 523,000 b/d For February As Gas Drops Below 4bn Cfd For First Time In Nearly A Decade
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NEWS IN BRIEF

Egypt Raises Fertilizer Gas Prices

24 Apr, 2026

Transocean Awarded 5-Well East Med Drilling Contract

24 Apr, 2026

Egypt Offers Gulf Of Suez Blocks

24 Apr, 2026

Turkey Open To Iran Gas Contract Extension

24 Apr, 2026

US Sanctioned Vessels Wait In Iraqi Waters

24 Apr, 2026

Hormuz Crisis Weighs On Korea Crude Imports

24 Apr, 2026

Kurdistan’s Khor Mor Gas Field Starts Back Up

17 Apr, 2026

Oman: OQEP To Farm In At Block 27

17 Apr, 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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