Saudi Arabia approved a budget for 2025 projecting a smaller deficit of $26.8 billion, down from $30.6 billion in 2024, with spending on economic reforms continuing. The budget reflects reduced expenditures and aims for sustainable levels of public debt and government reserves. Government officials are recalibrating plans for projects like NEOM, emphasizing long-term success over short-term targets and highlighting the importance of non-oil activities in driving economic growth.
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Israeli strikes in Yemen’s capital kill six, Huthis say
Israeli airstrikes in Yemen's capital Sanaa killed at least six people and wounded 86, targeting military and energy sites in response to Huthi missile attacks on Israel during the ongoing Gaza war. The Huthis vowed to continue their fight against Israel and condemned the strikes, while Israeli officials asserted that the Huthis would face severe consequences for their aggression. Want More Context? 🔎
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