Saudi Arabia

Saudi Arabia ... largest country on the Arabian Peninsula. It borders Jordan on the northwest, Iraq on the north and northeast, Kuwait, Qatar, Bahrain, and the United Arab Emirates on the east, Oman on the southeast, and Yemen on the south, with the Persian Gulf to its northeast and the Red Sea to its west. Saudi Arabia is the world's leading petroleum producer and exporter. Oil accounts for more than 90% of exports and nearly 75% of government revenues, facilitating the creation of a welfare state, which the government has found difficult to fund during periods of low oil prices.