Saudi Arabia says Gaza war dampening economic mood - Breaking The News

Saudi Arabia says Gaza war dampening economic mood

28 April

1 min read

EPA-EFE/GIAN EHRENZELLER

Saudi Finance Minister Mohammed al-Jadaan cautioned on Sunday that tensions in the Gaza Strip and Ukraine put "a lot of pressure" on the "economic mood," stressing that "cool-headed" leaders should "make sure" to de-escalate the situation in Europe and the Middle East.

"Today, to me, geopolitical risks are possibly the No. 1 risk as you look at the global economy...Policymakers will need to be very agile in dealing with this," al-Jadaan said during the panel discussion at the two-day World Economic Forum (WEF) in Riyadh.

"It is very, very unfortunate to see loss of lives, wherever that is. Civilian lives are important whether it is in Ukraine or in Palestine or elsewhere," the Saudi finance minister added.

middle east crisis israel-palestine conflict wef

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