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Saudi Arabia freezes consultancy payments - Yahoo Finance
The Scoop Saudi Arabia has ordered government entities to freeze payments to strategy advisers, management consultants, and law firms, as it weighs the economic impact of the Iran war, according ...
Saudi Arabia stops new work for consultants as war rattles finances
Andrew England, Arash Massoudi, Ellesheva Kissin and Nicolas ParasieMay 21, 2026 – 4.00pmLondon, Dubai | Saudi Arabia has stopped issuing new contracts for Western consultancies working in the kingdom and delayed some payments as the government manages a widening deficit and the fallout of the Iran war.Executives at consultancies told the Financial Times that Riyadh made the decision after the war erupted, threatening the kingdom’s oil revenues and as Iran targeted its Arab neighbours with drones and missiles.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Saudi Arabia • Saying no to MbS: top consultants take on new role ...
Saudi Arabia Saying no to MbS: top consultants take on new role reining in gigaproject excesses Construction industry players are agonising over how to curb over-ambitious infrastructure plans personally approved by the Saudi crown prince. Specialised consultancies, some headed by influential local families, are helping to break the bad news.
Saudi Arabia Spent Its Annual Deficit in Ninety Days
Saudi Q1 2026 deficit hit $33.5B — 76% of the full-year projection — as war collapsed oil volumes while military spending and subsidies surged simultaneously.
