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...
Tag : oil
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...
Is Rangely ready for end of oil boom?
Rangely provides an example of how regions dependent on oil and gas will require specific strategies based on the advantages and disadvantages of their particular locations...
Volatile Middle East ripple through global markets
The global inflationary impact of a Middle East conflict extends beyond energy prices...
Oil nudges up on escalating Ukraine war, signs of improving China demand
The rising conflict between Ukraine and Russia, two of the world's largest oil producers, seems to have helped prices...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
IMF projects 4% growth rebound in MENA in 2025 amid geopolitical worries
The IMF has approved USD 13.4 billion in new funding to Middle East and Central Asian countries since January 2024, including for programmes in Egypt, Jordan and Pakistan...