Oil
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
This is up from the previous target of $19 billion by 2027
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
The total value of commodity exports stood at $77.77 billion
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
Data showed a 4.8 percent increase in the mining sector compared to February 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Abu Dhabi’s non-oil GDP grew by 10.4 percent YoY in Q4 2023
