Salem Radio Network News Sunday, May 29, 2022

Business

Saudi Arabia’s economy estimated to grow 9.6% in Q1 on oil activities

(Reuters) – Saudi Arabia’s economy grew 9.6% in the first quarter of 2022, compared to a year earlier, powered by oil activities, according to flash government estimates on Sunday.

That would be the highest growth rate since 2011, according to the Saudi General Authority for Statistics.

(Reporting by Moataz Mohamed,; Editing by Andrew Cawthorne)

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