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Economy

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Saudi GDP up nearly 10 percent in Q1 on oil activities

Cybersecurity will provide a strong boost on the way toward global entrepreneurship in light of the Saudi Vision 2030.
By TRENDS Desk
June 7, 2022 10:55 pm
  • The GDP Report for Q1 2022 was released by the General Authority for Statistics (GASTAT).
  • The growth in Saudi's GDP is due to a surge in oil activities by 20.3% in Q1 2022 compared to Q1 2021.

The Gross Domestic Product (GDP) of Saudi Arabia grew by 9.9 percent in Q1 of 2022 compared to Q1 of 2021, and the seasonally adjusted GDP increased by 2.6 percent compared to Q4/2021.

The GDP Report for Q1 2022 released Tuesday by the General Authority for Statistics (GASTAT), said this.

The growth is due to a surge in oil activities by 20.3 percent in Q1 2022 compared to Q1 2021, while the non-oil activities increased by 3.7 percent.

The General Authority for Statistics is the only official statistical reference for statistical data and information in Saudi Arabia.

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