Tumbling oil prices could see record budget losses for the UAE and Saudi Arabia this year. Prices have hit lower than $40 a barrel, which has put pressure on GCC governments. However, Marios Maratheftis, Global Chief Economist at Standard Chartered expects prices to come up in 2016 due to a limit in oil supplies.

UAE and Benin exchange CEPA in Abu Dhabi
Dubai Customs refund applications rise to AED 6.9 billion in first half of 2026
ADNOC unlocks over AED 60 billion in UAE manufacturing opportunities
Ambani's Jio becomes most subscribed Indian IPO