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The ambitious development projects in Saudi Arabia are straining the country's finances, leading to unprecedented borrowing and potential stock sales in its crown jewel, Saudi Aramco.
To fill gaps, the kingdom has turned to borrowing, and it plans another sale of stock in Saudi Aramco.
Saudi Arabia is starting to sell debt again and offload more Aramco shares to help fund projects such as the Neom desert megacity, The Wall Street Journal reported.
Western nations often think of the entire African continent as poor, thanks, in large part, to the legacies of the transatlantic slave trade and European colonialism. The truth is, many African countries were wealthy before colonization.
Added to concerns over the civilian victims of the conflict in the Strip are fears for regional economies. Oil prices and repercussions in the energy sector are being watched. A sharp drop in GDP is expected for the entire MENA region. World Bank: the impact on employment in an area where 300 million young people will be knocking on the door of the labour market by 2050.