In the news: Saudi Arabia’s upgrade

With strong first quarter results and the Crown Prince’s 2030 Vision in place, Saudi Arabia’s economy is on course to rise
by Bethan Rees

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Things are finally starting to look bright for Saudi Arabia’s economy after four consecutive quarters of recession, triggered by a reduction in oil prices and structural reforms.

Middle Eastern news outlet Al Bawaba reports that the oil-producing country’s national accounts show a significant recovery in the first quarter of 2018, with annual real GDP growth of 1.2%, thanks to rising oil prices and a “surge in the non-crude sector”.
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Published: 05 Jul 2018
Categories:
  • The Review
Tags:
  • economy
  • Middle East
  • Islamic finance

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