Middle Eastern economics

Middle Eastern economics primarily revolve around oil and gas resources, which provide significant national revenue and influence global markets. Many countries in the region depend heavily on energy exports, impacting their economies and political relationships. In recent years, some nations are working to diversify their economies by investing in sectors like tourism, technology, and finance to reduce reliance on oil. Economic challenges include unemployment, political instability, and variable global oil prices. Overall, the region’s economies are complex, shaped by natural resources, geopolitical factors, and efforts toward modernization and diversification.