The Economy of Qatar is one of the highest in the world based on GDP per capita, ranking generally among the top ten richest countries on world rankings for 2015 and 2016 data compiled by the World Bank, the United Nations, and the International Monetary Fund (IMF). The country's economy has grown despite sanctions by its neighbors, Saudi Arabia and the United Arab Emirates. Mainly because the country exports primarily to Japan, South Korea, India and China, making the sanctions effectively redundant as neither Saudi Arabia nor the United Arab Emirates have imposed trading penalties such as tariffs or embargoes on any of these countries for trading with Qatar, or offering incentives such as discounts for their own energy exports to reduce Qatari exports.
The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
Saudi Aramco, officially the Saudi Arabian Oil Group or simply Aramco, is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2022, it is the second-largest company in the world by revenue and is headquartered in Dhahran. It has repeatedly achieved the largest annual profits in global corporate history. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies.
Saudi Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
Kuwait Petroleum Corporation is Kuwait's major national oil company, headquartered in Al Kuwait.
The Al Muhaidib Group is an international private group of companies based in Saudi Arabia that was founded in 1946 by Abdul Kadir bin Abdul Muhsin Al-Muhaidib. The current chairman of the board of directors is Sulaiman A. K. Al-Muhaidib.
Saudi Telecommunication Company (Group) (stylized as stc; Arabic: شركة الاتصالات السعودية) provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and broadband & cloud computing services. stc Group also offers online payments, telecommunications, IOT, 5G, e-gaming, cybersecurity, digital entertainment, and fintech.
The National Petrochemical Company (NPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country's petrochemical sector. Founded in 1964, NPC began its activities by operating a small fertilizer plant in Shiraz.
According to the Fourth Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran affiliated with the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the Tehran Stock Exchange. The privatization effort is primarily backed by reformist members of the Iranian government and society who hope that privatization can bring about economic and social change.
Almarai Company is a Saudi multinational dairy company which is listed on the Tadawul stock exchange. It specializes in food and beverage manufacturing and distribution. The company's main offices are located in Riyadh, Saudi Arabia.
The National Oil Corporation is the national oil company of Libya. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for around 70% the country's oil output. Of NOC's subsidiaries, the largest oil producer is the Waha Oil Company (WOC), followed by the Arabian Gulf Oil Company (Agoco), Zueitina Oil Company (ZOC), and Sirte Oil Company (SOC).
Chiyoda Corporation is a global engineering company specialized in oil and gas midstream for gas processing and LNG, downstream refinery and petrochemicals facilities design and construction. Chiyoda is headquartered in Yokohoma, Japan with engineering offices abroad. The majority of Chiyoda's business takes place outside Japan, including the United States, Canada, Latin America, Middle East, African countries, Russia, FSU, South East Asia and Australia.
India–Saudi Arabia relations, also referred to as Indian-Saudi relations or Indo-Saudi relations, are the bilateral relations between the Republic of India and the Kingdom of Saudi Arabia. Relations between the two nations are generally strong and close, especially in commercial interests. Indo-Saudi bilateral trade reached US$27.48 billion in the financial year 2017–18, up from US$25.1 billion in the preceding year. Saudi Arabia's exports to India stood at US$22.06 billion whereas India's exports were US$5.41 billion.
EnergyinSaudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.
Iran is an energy superpower and the petroleum industry in Iran plays an important part in it. In 2004, Iran produced 5.1 percent of the world's total crude oil, which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency. At 2006 levels of production, oil proceeds represented about 18.7% of gross domestic product (GDP). However, the importance of the hydrocarbon sector to Iran's economy has been far greater. The oil and gas industry has been the engine of economic growth, directly affecting public development projects, the government's annual budget, and most foreign exchange sources.
The Irving Oil Refinery is a Canadian oil refinery located in Saint John, New Brunswick. It is currently the largest oil refinery in Canada, capable of processing more than 320,000 barrels (51,000 m3) of crude oil per day. Over 80 per cent of the production is exported to the United States, accounting for 19 per cent of the country's gasoline imports and 75 per cent of Canada's gasoline exports to the US.
Wahaj is an arms manufacturing company in Saudi Arabia. Wahaj has premises in Riyadh's Second Industrial City. Wahaj is also known as Saudi Advanced Technologies Company.
Abdulaziz bin Abdullah Al Zamil was an industrial engineer, whose work in industry and government was important to the industrial development of Saudi Arabia. As the original chief executive of Saudi Basic Industries Corporation (SABIC), as Minister of Industry and Electricity, and through his family's Zamil Group Holding Company, he was instrumental in creating a nationally based, profitable, high-tech industrial enterprise in Saudi Arabia. Al Zamil encouraged careful expansion with strong partners on a basis of sound technology in a wide variety of areas. Zamil Group, which now employs more than 12,000 people in 60 countries, is involved in diverse sectors including general construction, paints, plastics, petrochemicals, shipbuilding, and port management. He was awarded the King Abdul Aziz Medal, 1984 and the Richard J. Bolte Sr. Award for supporting industries in 2015.
Azerbaijan–Saudi Arabia relations are the bilateral relations between Azerbaijan and Saudi Arabia.
Zamil Group Holding is one of the largest investment holdings in Saudi Arabia with headquarters in Al Khobar, Saudi Arabia. Several of its subsidiaries such as Zamil Steel Company, Sipchem, Zamil Industrial are publicly listed in the Saudi Arabia stock exchange.
