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With global oil prices down to a four-year low last week, Saudi Arabia--which depends heavily on its oil revenues to balance its budget and to finance its massive economic transformation plan--could ...

OPEC+ is accelerating its oil output increases by adding 411,000 barrels per day in May. Saudi Arabia faces a budget strain, needing $96.20 oil to break even due to Vision 2030 spending.

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Jordan on Monday launched a high-resolution 3D seismic survey covering 4,285 square kilometres in the eastern Jafr region of ...

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Stay informed on Saudi Arabia’s rapid changes, developments, and ongoing efforts to reshape the Middle East and beyond.

Through high-level talks with Trump, Macron, and Crown Prince Mohammed bin Salman, and efforts to ease West Asia tensions, ...

Oil prices have plummeted to a four-year low, posing significant challenges for Saudi Arabia’s budget, which heavily relies on oil revenues to fund its extensive economic transformation initiatives.

In Yemen, the two countries had supported opposite sides of a civil war, which led to Iran-backed Houthi rebels firing missiles at both Saudi Arabia and the United Arab Emirates, targeting oil ...

The IRICA put the volume of annual no-oil trade between the two countries at 61,000 tons. IRICA reported that Saudi Arabia recorded the highest growth rate in trade with Iran among its neighbors ...