The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, a new report from GlobalData shows. The real GDP of the UAE is forecast to expand at a slower […]
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Posted inExploration & Production
Saudi National Day: How high energy prices led Saudi Arabia to become the world’s fastest growing economy
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
Posted inProducts & Services
UAE sees 2.9% GDP growth in 2019
The Central Bank of the UAE revealed that the growth was driven by the hydrocarbon sector
Posted inDRILLING & PRODUCTION
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.