European Union regulators set to pause subsidy probe into ADNOC’s Covestro deal
ADNOC's acquisition of Covestro in October 2024 was the largest to date and marked one of the biggest foreign takeovers of a European Union company by a Gulf state...
Tag : oil
PIF reports 19% assets growth, USD 171 billion invested in priority sectors since 2021
The findings demonstrate PIF's growing contribution to Saudi Arabia's economic development and the formation of international markets...
Ghana’s economic stabilisation: A new dawn?
Despite growing interest, Ghana's annual FDI has fluctuated due to macroeconomic uncertainty, culminating in a debt crisis in 2022...
Sierra Leone aims to be West Africa’s newest oil & gas exploration frontier
Foday Mansaray stated that Sierra Leone has an estimated 30 billion barrels of oil equivalent recoverable offshore...
Oman’s non-oil exports surge 8.6% in Q1 2025
The first quarter saw a decrease in Oman's oil exports, which fell to 3.69 billion rials from 4.39 billion rials a year earlier...
Oman’s debt market to slow down in 2025-2026: Fitch
According to Fitch, sukuk continues to dominate the funding mix, making up 63.4% of the DCM issuance...
Saudi inflation remains steady at 2.3% as Kingdom’s economy continues to grow
Saudi's economy grew in the first quarter, supported by activity in the non-oil sector as the Gulf nation pushes on to diversify away from hydrocarbons, under the ambitious Vision 2030 agenda...
Iraq’s USD 100 billion gamble: Can dreams survive oil price decline & fiscal strain?
With about four million daily crude barrel production, Iraq depends mostly on unpredictable oil sales for around 90% of its national income...
IF Insights: Vision 2030 faces harsh reality as Saudi faces fiscal crunch
According to the IMF, Saudi Arabia needs oil at more than USD 90 a barrel to balance its budget...