The US-Israeli war with Iran has hit Gulf states harder than the rest of the Middle East and North Africa region, and even a sharp recovery next year will not fully reverse the economic losses, the International Monetary Fund has said.
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Saudi Arabia’s domestic non-oil exports increased by 8.5 percent year-on-year in August 2026, despite an overall decline in merchandise exports, according to the General Authority for Statistics (GASTAT).
Oman’s economy grew between April and June this year as disruption to the Strait of Hormuz failed to dampen oil exports from the sultanate. GDP rose 5.1 percent year on year to OMR9.9 billion ($26 billion) in the quarter ended June 30, the state-run Oman News…
Saudi Arabia's first wind turbine for electricity generation was inaugurated by Saudi Aramco in January 2017 in Turaif, a governorate in the Northern Borders Region.
QatarEnergy is buying American LNG to use its trading expertise and customer network, diversify supply and hedge future revenue losses from Hormuz disruption.
