Oil and gas
OPEC Secretary General emphasized the need for balanced policies to achieve energy security and climate goals
Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020
OPEC+ agreed to increase production by 548,000 barrels per day in August, pressuring oil prices
The long-term projection reflects increasing energy needs in developing nations and anticipated investments.
Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa
Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area
U.S. President Trump informed trade partners that higher tariffs would commence on August 1
Vision 2030 drives $215.4 billion in construction contracts across the Kingdom
The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia
Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously
