Business from Tuesday, December 2nd, 2025

Saudi Arabia forecasts deficit of $44 billion in 2026 budget

Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.
US holiday shoppers shake off economic blues for online spending spree

US consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.
UAE, Kuwait sign MoU to expand space partnerships

The UAE and Kuwait have signed a Memorandum of Understanding (MoU) aimed at building a comprehensive framework for collaboration in space sciences, advanced research, and national capacity development.

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