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Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Mexico’s Sheinbaum will inherit major Pemex challenges

Location:

MEXICO

Pemex is one of several major public finance challenges that Sheinbaum's administration will inherit when she takes office on October 1. Without major changes in its operational…

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Saudi Arabia’s spending strains banks’ balance sheets

Location:

SAUDI ARABIA

Previously in April, Saudi banks put together a SAR10bn (USD2.7bn) revolving credit facility for NEOM, the largest of a cluster of ‘giga-projects’ backed by the PIF. This…

Mexico appointments signal economic continuity

Location:

MEXICO

The future ministers are a mixture of her own allies and those of Andres Manuel Lopez Obrador (AMLO), signalling the power and influence that the departing president is likely to…