Upstream: Saudi Arabia eyes first budget surplus in eight years as spending on strategic projects continues
Saudi Arabia, the world’s largest oil exporter, is hoping to post its first budget surplus in nearly a decade next year on the back of improved oil prices and restricted government spending. The ...
Saudi Arabia eyes first budget surplus in eight years as spending on strategic projects continues
Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia's budget deficit, a Goldman Sachs economist warned. The bank's ...
RIYADH — Saudi Arabia recorded total revenues of SR1.11 trillion in 2025, while expenditures reached approximately SR1.389 trillion, resulting in a budget deficit of SR276.61 billion, the Ministry of ...
Saudi Gazette on MSN: Saudi Arabia among 10 countries welcoming Libya’s unified budget agreement
RIYADH — Ten countries, including Saudi Arabia, welcomed on Sunday the signing of a unified 2026 budget for Libya, the first Libyan national budget in over a decade and a critical step to increase ...
Saudi Gazette: Saudi Arabia among 10 countries welcoming Libya’s unified budget agreement
Ten countries, including Saudi Arabia, welcomed on Sunday the signing of a unified 2026 budget for Libya, the first Libyan national budget in over a decade and a critical step to increase economic ...
Saudi Arabia was founded in 1932 by King Abdulaziz, who united Hejaz, Najd, parts of Eastern Arabia and South Arabia (Asir) into a single state through a series of military and political campaigns beginning in 1901. The country has since been governed as an absolute monarchy under the House of Saud. [21] .