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Saudi Military Spending Surged in 2024 Amid Lower Oil Prices

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Eurofighter,Typhoon,Aircraft,Royal,Saudi,Air,Force
Peter R Foster IDMA/Shutterstock

Geopolitics continued to be the main driver of military spending globally and in the Middle East, with Saudi Arabia leading the region even against a backdrop of lower oil prices and fiscal pressures.

Topics:
Opec/Opec-Plus, Military Conflict, Oil Prices, Security Risk , Macroeconomics
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