News, economy and analysis from across the Middle East
IraqAnalysis
Iraq is offering substantial price cuts on its crude oil, with some sales to India seeing discounts approaching $28 per barrel. This aggressive strategy aims to secure vital export volumes amidst regional tensions and financial strain.
Oman's digital economy programme targets a RO 1.5 billion GDP contribution and 3,000 annual jobs by 2030. This ambitious plan signals a major acceleration in the Sultanate's Vision 2040 economic diversification efforts.
Morocco's latest Finance Bill commits MAD 400 billion to public investment and creates 34,454 new jobs. It balances significant spending with tax reforms to benefit households and businesses.
This major UK investment in Salalah boosts the Sultanate's digital economy goals, aiming to make it a regional data hub for the future.
A federal lawsuit alleges Donald Trump improperly profited over $2 billion from crypto deals linked to UAE entities, sparking questions for Gulf finance.
Abu Dhabi plans an additional €15 billion investment in Greece, deepening a strategic partnership that spans energy, healthcare, and technology. This significant commitment signals growing confidence in Greece's economic future.
A new agreement with ExxonMobil aims to boost Iraq's crucial southern oilfields, bringing vital water to maintain production. This move signals a renewed push for international energy partnerships.
A new pipeline shutdown in Libya's western region highlights the ongoing vulnerability of its oil sector and poses a risk to state revenues.
The North African nation is boosting upstream exploration and bringing new wells online, alongside securing significant financing for Africa's largest solar project, to meet soaring energy demand.
The significant increase in accommodation is part of a wider national strategy to transform the global sporting event into long-term economic gains for the North African nation.