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The Nexus
BUSINESSMay 21 · 22:44 UTCSEMAFORJ.D. Capelouto

War dents Saudi's efforts to diversify economy

Saudi Arabia is freezing payments to strategic advisers and consultants as the Iran war disrupts its economic diversification plans, causing the relocation of the Esports World Cup and withdrawal from LIV Golf. However, the conflict has paradoxically boosted the kingdom's oil export revenues to three-year highs thanks to Red Sea shipping access and rising global oil prices.

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