Saudi Arabia's Economic Growth Defies Regional Instability

Via Middle East Eye Saudi Arabia’s economy has powered ahead despite Israel’s war in Gaza and Houthi attacks in the Red Sea, suggesting that the kingdom’s efforts to distance itself from regional tensions are paying off, literally. "Geopolitical events in the Middle East have not had any major impact on the Saudi economy so far," the International Monetary Fund (IMF) said in its latest report published on the kingdom’s economy. The report says that Saudi oil exports are not dependent on the Red Sea, where Iran-backed Houthis…