Saudi Minister of Finance Mohammed Al-Jadaan affirmed that investments by countries such as Saudi Arabia had helped mitigate the impact of the energy shock on the global economy. “The shock would have been far more severe without these investments,” he said.
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Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the company's rising profits and declining government oil revenue recorded in the state budget.
The UAE’s non-oil private sector continued expanding in October, with new orders picking up and businesses raising selling prices at a record pace to pass on higher operating costs.
Saudi Arabia’s budget deficit grew in the third quarter of 2026, surpassing the government’s full-year target, Finance Ministry data shows. Pressure on public finances from the US-Iran war and a seasonal rise in spending are likely to widen the gap further by…
Growth in Kuwait’s non-oil private sector accelerated in October, while Egypt’s remained in contraction for a 10th consecutive month as Qatar’s non-energy sector saw its sharpest downturn since May.
