A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

How powerful is Saudi Arabia actually?

Best Answers

Let's see: * Saudi Arabia has a defense budget of $81.8 billion, which is the 3rd largest in the world. I don't know why a country like Saudi Arabia would want to spend so much money on their military. read more

Saudi Arabia has a defense budget of $81.8 billion, which is the 3rd largest in the world. I don't know why a country like Saudi Arabia would want to spend so much money on their military. According to the 2016 World Military Powers rankings, Saudi Arabia has the 24th strongest military in the world, ranked behind Israel and Iran in the middle east. read more

Saudi Arabia is OPEC’s most powerful member they have, and they do not plan on ending their large oil production anytime soon. OPEC has never effectively achieved its goals because of two main reasons: collective action issues relating to its members and the growth of non-OPEC oil. read more

The last 12 months have seen Saudi Arabia’s minister of petroleum and mineral resources really step into his stride after prolonging an oil bargain with Russia and other OPEC members to maintain production cuts that have seen Bent crude prices rise from $55 a barrel to nearly $70. read more

Encyclopedia Research

Wikipedia: