The kingdom’s GDP shrank 3.7% in the fourth quarter of 2023. The decline in the first quarter was the third consecutive quarter of year-on-year contraction in the kingdom, hurt by cuts to oil production and lower crude prices.
Hadeel Al Sayegh is a journalist who writes for various publications, including DealStreetAsia, Yahoo Sports Canada, Wkzo 590 Am, HELLENIC SHIPPING NEWS Worldwide, Zawya, and Business Day. Her work has also been featured in Reuters, Offshore Engineer Magazine, Yahoo Finance, Newsmax Media, Inc., The Globe and Mail, Yahoo Sports UK, Regina Leader-Post, Financial Post, and Windsor Star. Hadeel covers a range of topics, including finance, investments, climate change, and energy.