Recent Posts

An Overview of the Middle Eastern Economy

The Middle East is a region that spans across parts of Asia and Africa and is home to some of the world’s most valuable natural resources, including oil, gas, and minerals. These resources have played a critical role in shaping the region’s economy, politics, and society. In this article, we will provide an overview of the Middle Eastern economy, including …

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Dubai’s non-oil private sector is expanding

Inflationary pressures eased on the private sector in July, according to data from the S&P Global Purchasing Managers’ Index. The non-oil private sector in Dubai continued to grow rapidly in July, aided by an increase in new business in the emirate. The index increased from 56.1 to 56.4 points in July, its best monthly performance since June 2019. The data …

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Even without increasing dividends, Saudi Arabia’s unexpected oil income exceeds $65 billion

The Saudi government’s oil revenue nearly doubled in the second quarter, despite Aramco’s dividends remaining unchanged. According to financial statements released on Monday, the oil giant paid the government more than $65 billion for its 94 percent contribution during the second quarter, up from $35 billion the previous year. This money is a combination of dividends, income taxes, and oil …

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