#Oil Revenues

Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs

Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs

The kingdom’s seasonally adjusted real GDP grew by 1.4 per cent compared to Q1 2024, as non-oil activities rose by 4.9 per cent YoY

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Oil revenues dropped by 19.4 per cent to KWD21.5bn in FY 2023/24, based on an oil price of $86.36 a barrel, compared to KWD26.7bn a year earlier

Saudi Arabia posts SAR12.4bn deficit Q1 2024

Saudi Arabia posts budget deficit of SAR12.4bn in Q1 2024

Oil revenues reached SAR181.9bn, while total revenues were SAR293.4bn as non-oil revenues edged higher, although oil still dominates

Oman Sultan to rule on VAT after legislature suggests 2022 start

Oman would become the fourth of the Gulf Cooperation Council’s six states to collect VAT