Energy, Oil & Gas

Oman GDP surges 5.1pc in Q2 on strong petroleum activity

Oman's Gross Domestic Product (GDP) at constant prices grew 5.1% during the second quarter hitting RO9.9 billion ($25.6 billion), compared to about RO9.4 billion ($24.3 billion) for the same period in 2025, driven by a sharp increase in petroleum activity, said a report. ...

Energy, Oil & Gas

Saudi budget 40% funded by non-oil revenue; says minister

The Kingdom of Saudi Arabia's 40% budget and expenditures are now being financed by non-oil revenues, and notably, 90% of FDI in the country is non-oil, said its senior minister at the Future Investment Initiative (FII9) summit in Riyadh. ...