14 Hrs
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الاقتصادية
World Bank: Saudi Arabia Can Handle War Risks
The World Bank has confirmed that Saudi Arabia possesses substantial financial space, enabling it to mitigate the economic repercussions of the war, especially given the rising oil prices and its large financial reserves. This capacity allows the country to continue spending to maintain economic stability despite the challenges. Though Saudi Arabia still faces pressures from Houthi attacks, it remains capable of countering them thanks to its financial strength and the recovery in oil production and exports. It is forecasted that the economy will contract by 3.6% this year due to a decline in oil activity, with the budget deficit persisting despite high oil revenues.
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