{
  "id": 15362631,
  "title": "Saudi economic transformation reduces impact of global shocks, analyst says",
  "url": "https://urgent.news/2026/10/18/saudi-economic-transformation-reduces-impact-of-global-shocks-analyst",
  "topic": "world",
  "section": "World",
  "published": "2026-10-18T05:59:02.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/business/a8tugns9j"
  },
  "original_language": "en",
  "account": "Economic analyst Eid Al-Eid has stated that Saudi Arabia's economic transformation and diversification have diminished the impact of global shocks, as reported by Al-Ikhbariya Radio. The country's economic reforms and income diversification have become evident, leading to reduced vulnerability to external shocks, according to Al-Eid. He highlighted that the Kingdom's significant diversification has substantially limited the influence of external shocks, as it no longer primarily depends on oil revenues for economic stability. Although oil remains a crucial source of income, its significance has diminished. Al-Eid also mentioned that in recent years, the Saudi government has taken measures to mitigate such shocks, such as the establishment of the East-West pipeline, which has contributed to stabilizing global oil supplies.",
  "summary": "Saudi Arabia's economic reforms and diversification have lessened the impact of global shocks, according to economic analyst Eid Al-Eid.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Ajel English",
        "title": "Saudi finance minister's remarks highlight economic resilience: analyst",
        "url": "https://urgent.news/2026/10/18/saudi-finance-ministers-remarks-highlight-economic-resilience-analyst",
        "published": "2026-10-18T05:20:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}