IMF official: Gulf economies to contract by 7.6% in 2020 - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Al-Monitor Staff

Al-Monitor Staff

Jun 30, 2020

TOPSHOT - A trader walks by beneath a stock display board at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. - Saudi's stock exchange fell 6.5 percent and other Gulf markets tumbled to multi-year lows at the start of trading after OPEC and its allies failed to clinch a deal over oil production cuts. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images) — A trader walks by beneath a stock display board at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. — GIUSEPPE CACACE/AFP via Getty Images

Report: Energy producers in Middle East to earn billions less in oil revenues

Al-Monitor Staff

Al-Monitor Staff

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf

OPEC continues oil export cuts in June

Al-Monitor Staff

Al-Monitor Staff

A Saudi man stands in front of a screen of stock prices at ANB Bank in Riyadh, Saudi Arabia March 15, 2020. REUTERS/Ahmed Yosri - RC2AKF95RT3F

Report: Private sectors in UAE, Egyptian, Saudi economies suffer dramatic losses

Al-Monitor Staff

Al-Monitor Staff

Riyadh

Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5%

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