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However, sectors such as tourism remain subdued and the continued weakness in the oil market, despite decisive action by OPEC+, has driven deficits up sharply. Serious political…
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DOI: 10.1108/OXAN-DB257571
ISSN: 2633-304X
Keywords
Geographic
Topical
The zero-carbon fuel, promoted as a way to assist a global energy transition away from oil and gas, is the focus of major planned projects in Oman and Saudi Arabia. Meanwhile…
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DOI: 10.1108/OXAN-DB262078
ISSN: 2633-304X
Keywords
Geographic
Topical
The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…
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DOI: 10.1108/OXAN-DB261921
ISSN: 2633-304X
Keywords
Geographic
Topical
Between 2020 and 2021, the Middle Eastern captagon trade grew by nearly USD2bn to over USD5bn in market value, with further growth expected in 2022. Furthermore, seizures of…
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DOI: 10.1108/OXAN-DB270055
ISSN: 2633-304X
Keywords
Geographic
Topical
The fact that state salaries in the first half of 2020 exceeded total oil revenue underlines the scale of the task -- and the difficulty of achieving fiscal goals without major…
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DOI: 10.1108/OXAN-DB257027
ISSN: 2633-304X
Keywords
Geographic
Topical
Manama exceeded its own fiscal and economic expectations in 2022, as the budget came close to balance one year earlier than targeted and real non-oil GDP surged by 6.2%, driving…