Jadwa Sees Rise in Saudi Oil Revenue
According to Jadwa Investment, oil revenues in Saudi Arabia's budget are expected to increase in 2026, despite a temporary decline in oil production due to attacks on pipelines and regional conflicts. The rise in oil prices has compensated for the decrease in export volumes, leading to an 11% increase in oil revenues in the first half of the year and a 9% rise in oil export earnings compared to the same period last year. This improvement is attributed to the Kingdom's efforts to boost exports through alternative routes such as the Strait of Hormuz, despite the pressure on oil production from attacks and logistical challenges. Forecasts also suggest that the non-oil sector will experience a recovery in 2027, after a decline in 2026 due to conflict and slow economic activity.
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