Categories: Business

Saudi non-oil growth shows economy rebounding strongly post-COVID-19: Minister


Wed, 2022-09-07 11:17

RIYADH: Saudi Arabia is recovering strongly from the COVID-19-prompted economic slowdown and registered a non-oil economic growth rate of 5.4 percent in the second quarter of 2022, according to the Kingdom’s Finance Minister Mohammed Al-Jadaan. 

Saudi Arabia’s gross domestic product grew at a revised rate of 12.2 percent in the second quarter from a year earlier, the fastest since 2011, the latest report from the General Authority for Statistics released on Wednesday revealed.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

From flip flops to fisherman’s sandals: Are your summer sandals killing your feet?

"In terms of arch support and joint support, it's not the best style, but people…

1 hour ago

Projectile sinks Indian-flagged ship off Yemen coast

Yemen's transportation ministry, part of the Saudi-backed, internationally recognised government, accused ​the Iran-backed Houthis of…

4 hours ago

Oil prices fall on hopes Strait of Hormuz could reopen

Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes…

10 hours ago

Qatar says US-Iran mediation efforts continuing but no direct talks planned

The Strait of Hormuz, through which a fifth of global oil and gas shipments usually…

10 hours ago

HMP Erlestoke prisoners using art as part of rehabilitation

A charity is supporting the rehabilitation of prisoners by offering them the opportunity to create…

10 hours ago

Mass funeral in Gaza for 112 Palestinians killed in 2023 Israeli strike

In Gaza, the recovery work was carried out by the Civil Defence, which operates under…

11 hours ago