BIST10013.275,98▼ -1.67%Erdal Beşikçioğlu's Detention: Depths of the Etimesgut Municipality InvestigationUSD/TRY47.5692▲ 0.20%Airbus Fined £6.4m for Breaching EU Defense Technology Export RulesEUR/TRY54.3922▲ 0.30%FIFA's $20 Billion World Cup Commercial Plan Sparks Investor ScrutinyBTC/USD$64,780▲ 0.70%Inforcer Raises $50M to Help Small Businesses Prepare for AI and Security RisksGOLD6.196,36▲ 0.15%Kansas City's World Cup Investment: Chiefs' Super Bowl Prospects and ECB's Key Risks to WatchBRENT$89.10▼ -1.81%Antwerp Cocaine Gangs Sentenced in 'Exceptionally Large' Case: Geopolitical Fallout in the Narcotics Market GrapheneOS Stand: Privacy Advocacy and Legal ClashBIST10013.275,98▼ -1.67%Erdal Beşikçioğlu's Detention: Depths of the Etimesgut Municipality InvestigationUSD/TRY47.5692▲ 0.20%Airbus Fined £6.4m for Breaching EU Defense Technology Export RulesEUR/TRY54.3922▲ 0.30%FIFA's $20 Billion World Cup Commercial Plan Sparks Investor ScrutinyBTC/USD$64,780▲ 0.70%Inforcer Raises $50M to Help Small Businesses Prepare for AI and Security RisksGOLD6.196,36▲ 0.15%Kansas City's World Cup Investment: Chiefs' Super Bowl Prospects and ECB's Key Risks to WatchBRENT$89.10▼ -1.81%Antwerp Cocaine Gangs Sentenced in 'Exceptionally Large' Case: Geopolitical Fallout in the Narcotics Market GrapheneOS Stand: Privacy Advocacy and Legal Clash

Global MarketsJuly 30, 2026 at 03:28 PM

Saudi Economy Shrinks as Middle East Conflict Takes Heavy Toll: How Markets React?

724FinanceDefne Aydın

Saudi Economy Shrinks as Middle East Conflict Takes Heavy Toll: How Markets React?

The Middle East conflict has heavily impacted Saudi Arabia's economy. Q3 growth slowed to 5.2%, down from 2023's 2.1%. Fiscal deficit rose from 1.8% in 2023 to 3.5% in 2024. The Saudi Riyal weakened against the Dollar, increasing national borrowing costs. A 12.5% drop in oil exports led to a $12 billion loss in national revenue. ECB's rate path delayed impacts on Saudi markets. Experts cut Saudi 2025 growth forecasts to 1.5%.