Saudi Arabia’s quarterly budget deficit shrank by nearly three-quarters in the second quarter, courtesy of the same war that hammered its oil industry and sent the economy into its steepest contraction since the pandemic.

Saudi Arabia's real gross domestic product contracted 4.8 percent year-on-year in Q2 2026, driven by a 24.7 percent decline in oil activities, according to flash estimates…

Oil sector's 24.7 per cent plunge drives April-June contraction