image description
image description
Tell A Friend

FinancialNews


  • 03-10-16

    Saudi's GDP grows by 1.4pct in Q2

    (MENAFN) Saudi Arabia's GDP rose by 1.4 percent in the second quarter of this year, after growth of 1.5 percent in the first quarter.Furthermore, the oil sector increased by 1.6 percent from a year ago, slowing from 5.1 percent growth, while the non-oil sector grew by 0.4 percent.Accordingly, the kingdom's economy avoided a technical recession, which is reflective of the strong momentum of the oil sector.The oil sector growth will start to moderate if any sort of output control among OPEC and beyond materializes.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved