- Sort by:
- Score
- Published ▼
-
Saudi Oil Export Revenues On Course For 25% Annual Drop
...ole, MEES estimates that oil revenues are on course to total $245-250bn. Although this is down significantly from last year’s bumper $327bn, it remains a historically high figure. With the exception of 2022, this would be the highest annual figure since 2014 (see chart 2). 2024: SUBJECT TO MA...
Volume: 66Issue: 48Published at Wed, 01 Nov 2023 -
Libya: Oil Still Flowing But Revenues In Limbo
...vision of Libya since 2014 between rival eastern and western administrations has devastated the country’s finances and fostered a severe liquidity crisis which can only be addressed through the unification of the parallel administrations. A UN-led political process aimed at ending Libya’s nine-year ‘tr...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
Oman Set For Lowest Deficit Since 2014, But Investment Lacking
...what would be the lowest figure since 2014 offers a rare piece of good news as assessments of Oman’s long-term economic health continue to sour. Of course, the second half of 2014 saw oil prices collapse from the $100/B-plus average of the preceding four years. Oman is not the only oil pr...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Saudi Arabia Bags $118bn Trade Surplus In 9M 2018
...16’s annual record (MEES, 23 November). Quarterly oil (and total) revenues were the highest since oil prices collapsed in late 2014/early 2015, but this looks to prove the high-water mark for the immediate future. Oil prices collapsed through October and November, to stand at the lowest levels this ye...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Algeria Faces Record $14bn Trade Deficit
...29bn in the same period of 2014, according to statistics from Algerian customs. Extrapolating the Jan-October figures to 2015 as a whole gives hydrocarbon export revenue of $36.4bn, down from $60.3bn for 2014 and an all-time record trade deficit of $13bn. It will likely be even worse. This pr...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Algeria: Present Bad, IEA Figures Indicate Future May Be Worse
...wn from 1.5mn b/d in the 2014 WEO (released Nov 2014) to 1.38mn b/d (950,000 b/d crude and 430,000 b/d condensate/NGLs) in the organization’s Medium Term Oil Market Report in February this year and again to just 1.3mn b/d in the freshly-released 2015 WEO. SERIAL DOWNWARD REVISIONS: IEA WEO FO...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Oman Set To Cut Spending For 2015 As Revenues Slide
...nsideration but there are no plans for salary cuts, he adds. The minister reiterated plans, announced last month, to cut its energy subsidies for 2015, with the currently “ineffective” system to be better targeted on the needy sections of society. Oman’s 2014 budget projects spending on energy su...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Qatar Looks Resilient To Lower Oil Prices
...tting money aside in the years of plenty. While prices for most of its key LNG exports are oil-linked, costly Australian projects will be harder hit. Qatar posted a surplus of some 31% of GDP in 2013. This will only shrink modestly in 2014: the country benefitted from high oil and LNG prices for mu...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Egypt: IMF Praise
...turn in confidence, are starting to produce a turnaround in economic activity and investment, Mr Jarvis observes, with growth projected at 3.8% in fiscal 2014-15. In a seeming reference to $8.4bn ‘Second Suez Canal’ plans, the IMF cautions “megaprojects offer prospects for jobs and growth but sh...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Jordan Moves Toward Austerity In 2015
...0/B. Main Aspects Of 2015 Budget Outlining the main features of the new budget, Mr Tuqan said that the deficit (after grants) is projected to shrink by 24.5% to JD688mn ($970mn), or 2.5% of GDP, from a revised figure of JD911mn ($1,285mn) in 2014. Total revenue is estimated at JD7,408mn ($10...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
GCC Growth ‘Robust’ Despite Geopolitical, Economic Headwinds-IMF
...ojects are implemented and private sector confidence remains high. For 2014, the IMF projects an increase in oil production, which, coupled with steady non-oil growth, would yield an overall GDP growth rate of just over 4%. Curbing Energy Consumption Absent policy reforms, the IMF expects GCC do...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Iran: Rohani Slams Legacy
...mmitments this figure rises to some $133bn, he says. The country had entered a state of “stagflation” with year-to-year inflation in late September 2013 at 43%, but falling to 36% in the year to late October 2013. Mr Rohani is targeting a fall in the inflation rate to 35% by March 2014 and 25% by March 20...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Bahrain Unveils 2013-14 Draft Budget
...BAHRAIN Bahrain Unveils 2013-14 Draft Budget Bahrain’s two-year draft budget for 2013-14 projects total revenue at BD5.578bn ($14.83bn) – comprising BD2.788bn for 2013 and BD2.790bn for 2014 – and total expenditure at BD6.993bn ($18.60bn) – comprising BD3.445bn for 20...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012