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Israel-Iran escalation puts Saudi economy at a critical juncture
The military strikes have already driven oil prices higher
Budget deficit widens in 1Q 2025 amid lower oil demand
Non-oil revenue was up slightly, but lower oil demand weighed on revenue
Budget deficit to exceed 6% of GDP this year, analysts forecast
The budget deficit will be driven by lower oil prices and rising spending
Low oil price scenario could widen budget deficit, delay gigaprojects -EFG Hermes’ Shams El Din
Saudi Arabia is more exposed to oil prices than the UAE and Kuwait, Shams El Din says
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