Oman is projected to become the fastest growing economy within the the oil exporters of the six-member Gulf Cooperation Council (GCC) in 2023 with growth seen at 4.3%, according to a report from World Bank. Rating agency S&P last week revised Oman’s outlook to positive, from stable. It said the government was repairing its balance […]
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Posted inDRILLING & PRODUCTION
MENA economies face rapid accumulation of public debt: World Bank
Accumulated Cost of the Pandemic Estimated to top $227 Billion by End of 2021
Posted inDRILLING & PRODUCTION
Global gas flaring level jump to highest levels since 2009: World Bank
The amount of gas flared is equivalent to the total annual gas consumption of Sub-Saharan Africa
Posted inDRILLING & PRODUCTION
Saudi Aramco joins World Bank’s zero flaring initiative
The company flared less than 1% of its total raw gas production in the first half of 2019
Posted inProducts & Services
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