Saudi Arabia plans to borrow $8 billion amid regional tensions

Saudi Arabia is looking into securing loans of at least $8 billion to broaden its financing options as it deals with the economic impact of the Iran conflict. The government's budget is under pressure due to increased military costs and supply chain issues linked to the ongoing US-Iran war. Recently, the kingdom also entered into defense agreements with Pakistan and Türkiye.

by shortkt.com
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Saudi Arabia plans to borrow $8 billion amid regional tensions | ShortKT