Will global trade be impacted by Middle East crisis?
The Middle East crisis threatens to disrupt supply chains and affect the availability of goods, which, in turn, leads to price volatility in the concerned markets...
Tag : oil
OPEC sticks to 2025 & 2026 global oil demand growth forecasts
With Brent crude trading lower at USD 76 per barrel following the release of the OPEC report, oil prices remained stable...
Eyeing oil production boost, Libya to go for license bidding in 2025
Ahmet Turkoglu highlighted Libya’s offshore energy sector as a promising area for exploration and development, describing existing fields and brownfields as holding immense opportunities...
Egypt’s trade reaches USD 1.5 Billion with Greece, USD 217 million with Cyprus
At USD 274 million, fuels, mineral oils, and distillation products were Egypt's main imports from Greece...
Bahrain’s GDP grows by 2.1% in Q3 2024
Driven by further economic diversification, Bahrain's third-quarter growth reflects favourable trends throughout the GCC, with Qatar's GDP increasing by 2% and Saudi Arabia's by 2.8%...
Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025
The Sultanate of Oman's sovereign wealth fund, the OIA, released economic projections earlier this week that are in line with this GDP growth estimate at constant prices...
FIFA World Cup 2034 to bring positive momentum to Saudi stock market: Report
Saudi Arabia's hosting of the FIFA World Cup in 2034 will have a major economic impact and accelerate the growth spurred by Vision 2030...
OPEC slashes global oil demand growth forecast for 2025
The global demand growth forecast for 2025 was also lowered by OPEC to 11.4 million barrels per day...
Business Leader of the Week: Darren Woods-led Exxon sets aggressive production benchmarks
Exxon Mobil Corporation elected Darren Woods as its senior vice president in 2014...
Kuwait GDP to contract in 2024, rebound expected in 2025, predicts IMF
As a result of ongoing production cuts by OPEC+, Kuwait's economy is predicted to remain in recession in 2024, contracting by 20.8%, before gradually improving...