Saudi Arabia’s Vision 2030 initiative also contributed to the sector’s growth
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MENA oil exporters face brighter prospects despite challenging global outlook
Expected MENA GDP growth is at 5 percent but masks ‘significant differences across countries with oil exporters upgraded,’ IMF’s Jihad Azour said
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Oil crown jewels no longer off limits in Middle East amid deal surge
The shift underscores how countries in a region home to almost half the world’s oil reserves are taking advantage of the recovery in energy prices following last year’s coronavirus-triggered crash to bolster their ailing finances