Low Oil Prices Force Saudi Arabia to Tap More Debt
Tuesday, 2 September 2025 () Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and well below the $90 per-barrel price the Kingdom is estimated to need to balance its budget. Brent Crude oil prices have declined by about 8% since the beginning of the year, at around $69 a barrel as of early Tuesday, additionally straining Saudi Arabia’s public finances, which rely the most on oil income to have more money to spend on projects to diversify the economy. Earlier this year, Saudi Arabia’s…
Houthis fired two ballistic missiles at Israel, but both fell short and landed in Saudi Arabia, marking a dangerous escalation in the Red Sea. One of the strikes targeted an Israeli-linked oil tanker near the Saudi port of Yanbu. The incident comes amid growing regional tensions as Yemen’s Houthi...
Back-to-school and back-to-sport season is here, and expenses can quickly add up. That means when shopping for the whole family, getting the best brands at the best deals is important. To see what’s..
Russia escalated tensions ahead of a key Trump–Zelensky–Putin tri-meeting by launching a deadly strike on U.S.-owned Flex Ltd. in Ukraine. The attack used a mix of drones, cruise missiles, and..
Back-to-school and back-to-sport season is here, and expenses can quickly add up. That means when shopping for the whole family, getting the best brands at the best deals is important. To see what's..
Tuesday, 2 September 2025 ()
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