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HomeMiddle EastIs this the end of the Middle East's oil rush?

Is this the end of the Middle East’s oil rush?

Oil revenues in the Middle East and North Africa fell from more than $1 trillion in 2012 to $575bn in 2019, according to the International Monetary Fund.

The pandemic has meant demand for fossil fuels has been decimated and may not return. Have oil-exporting countries done enough to diversify their economies?

Plus, what has gone wrong for South Africa? It emerged from the 2008 financial crisis in a strong position. Now, it faces a debt crisis.

And, is Uber running out of road as its business model is challenged in courts around the world?

Source: Al Jazeera

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