On the occasion of Saudi Arabia’s 92nd National Day, we take a look at how the Kingdom is reaping the rewards of high global energy prices with a strong focus on increased energy production
economy
GCC countries could see an accelerated growth due to their strong vaccination programmes
Edris Alrafi, Head of Middle East & Africa for Aberdeen Standard Investments (ASI) shares his views on the IMF report
MENA economies face rapid accumulation of public debt: World Bank
Accumulated Cost of the Pandemic Estimated to top $227 Billion by End of 2021
ICAEW: Saudi Arabia’s economic recovery heavily weighed down by the oil sector
Saudi Arabia’s economy has begun to reverse output losses seen in the second quarter of 2020, following the resumption of economic activities, the latest Economic Update report from ICAEW predicts.
The World Bank recognises Bahrain among the 10 most improved economies in the world
The nation’s foreign direct investment grew from $65mn in 2015 to $1.5bn in 2018
Aramco IPO likely to be delayed until 2019: Al Falih
Oil giant’s share sell-off now mooted to be taking place next year following comments from the kingdom’s energy chief.
Oil prices spike following President Trump’s Iran deal pull-out
US President Donald Trump’s highly anticipated decision to re-instate sanctions on Iran impacts global oil prices.
Saudi needs $87.9 a barrel to break even: IMF
The organisation’s latest regional outlook paints an uncertain picture regarding the price of oil moving forwards.
Yemeni economy reeling from pipe blasts
Attacks on Yemen’s oil pipeline have led to a sharp fall in production