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QatarEnergy Warns Of $20bn Annual Revenue Hit
...evated. A DISASTROUS 2026 The economic impact of the Iran war far exceeds that of the 2017-2021 embargo on Qatar by its neighbors. Qatar managed to ride that out comfortably as Saudi Arabia and the UAE were unable to convince the emirate’s primary clients such as China, India and South Korea to lo...
Volume: 69Issue: 13Published at Fri, 27 Mar 2026 -
Oman Oil Output Hits New Heights In Q1 As Revenues Soar
...st notably the 2017 start up and subsequent expansion of the BP-operated Khazzan tight gas development – Khazzan’s condensate capacity is around 60,000 b/d (MEES, 16 October 2020). Condensate production was restricted by Opec+ commitments between January 2017 and January 2020, but is now exempt fr...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Gulf Bonds In 2018 Another Bumper Year?
...After issuing a record $50.5bn in international bonds in 2017, GCC sovereigns are poised for another bumper year despite rising oil prices easing fiscal pressures. GCC sovereigns raised a record $50.5bn in international bonds in 2017, smashing 2016’s previous record of $37bn, according to...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Aramco’s Tax Slashed To Boost IPO Valuation
...ovided long-awaited transparency on an issue that will have critical importance in determining the success of the 5% share listing of Aramco scheduled for late-2018. The new rate is effective retroactively from 1 January 2017. As well as income tax, Aramco currently pays a 20% royalty on revenue, a fe...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Saudi Wealth Fund Eyes $3bn Jordan Investments
...EMPLOYMENT Following a mission to Jordan in mid-March, the IMF noted that the conflicts in Syria and Iraq continued to weigh on the Jordanian economy, with growth expected at around 2% in 2016 and unemployment rising to 15.3%. But it expects that growth will pick up modestly in 2017, driven by a moderate re...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Egypt Unveils Development Plan To Revive The Economy
...YPT’S 2016-2019 DEVELOPMENT PLAN: KEY OBJECTIVES • Raising GDP growth to 5-6% by end fiscal 2017-18 (June 2018) and to 6% thereafter. • Cut unemployment to 10-11% by 2017-18 and 9% by 2019-20. • Cut the budget deficit to 9-10% of GDP by 2017-18, and to 8-9% by 2019-20. • Cut pu...
Volume: 59Issue: 13Published at Fri, 01 Apr 2016 -
Iran-Pakistan Trade Boost But Gas Line Still Far Off
...e risk of sanctions being re-imposed, “we are working on it. There is no serious problem and we are going ahead with the pipeline from Gwader to Nawabshah.” He estimated it could be completed by December 2017. One positive development for Iran is that Pakistan is to increase the amount of el...
Volume: 59Issue: 13Published at Fri, 01 Apr 2016