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Tag: OPEC

GCC oil companies’ capex to grow by 5% to reach $115bn in 2024

The total oil capital expenditure in the region is expected to remain relatively high due to the ongoing expansion plans in Qatar and the UAE.

IMF trims 2025 Middle East, North Africa growth forecast to 2.6% as global risks mount

IMF sees sharp growth slowdown in 2025 for non-GCC oil exporters
GCC economies projected to strengthen despite slower growth pace
Conflicts severely impact MENA’s oil importing economies, IMF says

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