Oman: Budget spending rises while deficit falls

Muscat is planning to spend OR12.9bn ($33.6bn) over the course of this year, OR400m more than forecast in the 2018 budget. According to local media reports, the budget is based on an oil price assumption of $58 a barrel, with total revenues forecast at OR10.1bn in 2019 The projected deficit of OR2.8bn is slightly lower than the OR3bn shortfall predicted in the 2018 budget.The government plans to borrow to cover most of the deficit, with OR2.4bn to be raised in international and domestic debt and the rest coming from withdrawals from reserves. 10th January 2019, Issue 1,072. Read more

Bahrain's Economic Performance

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Gulf boundaries and hydrocarbons infrastructure

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The Gulf region: economy and society

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Iraqi Kurdistan hydrocarbons infrastructure map

Revised in January 2015, this map provides a detailed overview of hydrocarbons infrastructure in the Kurdistan area of Iraq.

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Saudi interest in Syria shifts towards the Kurdish east

Omani state minister for foreign affairs Yusuf Bin Alawi Bin Abdullah’s 7 July visit to Damascus was the most high-level...

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Bahrain ‘workshop’ consolidates Trump ties, alienates Arab Street

Bahrain basked in a return to international prominence, as Manama hosted the 25-26 June Peace to Prosperity conference –...

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UAE: MBZ’s emerging legacy: a nation-state forged from conflict

The creation of a “national military ethos” in the UAE, involving Ras Al-Khaimah (RAK) and other northern emirates, has been increasingly observed since GSN began analysing in 2015 the pattern of military deaths in Yemen and growth of nationalist symbolism around ‘martyrs’ of the Yemen conflict. It is a process that continues to gather momentum.

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Events

30 September-3 October

Global Health Safety and Environment Conference

Kingdom of Bahrain

14-16 October

Middle East Process Engineering Conference & Exhibition (MEPEC)

Bahrain International Exhibition & Convention Centre

14-16 October

World Petroleum Council (WPC) Downstream Conference

Bahrain International Exhibition & Convention Centre

14-16 October

Leadership Excellence for Women Awards & Symposium

Bahrain International Exhibition & Convention Centre

19-21 November

Middle East Electricity Saudi

Riyadh International Convention Center, Riyadh Kingdom of Saudi Arabia

9-10 December

Oman Sustainable Energy and Technology Summit

Crowne Plaza Hotel Muscat

10-12 December

Middle East Artificial Lift Forum (MEALF)

Muscat, Oman

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