Gulf project spend plummeted in 2025, preliminary data shows
The drop was mainly caused by delayed megaprojects and a drop in energy sector spending, according to an analysis from MEED.
The drop was mainly caused by delayed megaprojects and a drop in energy sector spending, according to an analysis from MEED.
The developments in Yemen, which remains divided between a Saudi-led coalition and the Iran-backed Houthis, carry regional and global implications.
The more than three-year war has killed 150,000 people and effectively wiped out centuries of valuable relics.
The two are close allies of the US, yet are increasingly competing in the spheres of technology, energy, and geopolitical influence.
A collapsing rial and high inflation have led to crippling cost-of-living increases.
Venezuela has the world’s largest stated oil reserves, but increasing output is rife with challenges.
Washington has stepped up its rhetoric about taking over the island, potentially by force.
Difficult as it is for westerners to hear, we don’t need a stronger West, we need a weaker one. Harder still, Trump is teaching us that the very concept of ‘the West’ is an illusion.
Rodríguez promised to respect the constitution and uphold national sovereignty following the US attack on Venezuela, which left more than 80 people dead and resulted in the kidnapping of President Nicolás Maduro and his wife.