UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

Watch: Saudi GDP to grow faster than expected in 2021

The GDP of Saudi Arabia will see faster-than-expected growth in 2021.
  • The Saudi economy grew 1.8 percent in Q2 of 2021
  • This was the second time it had risen since Q2 2019

The GDP of Saudi Arabia will see faster-than-expected growth in 2021 due to several reasons.

According to the Saudi General Authority of Statistics, the Saudi economy grew 1.8 percent in Q2 of 2021.

This was the second time it had risen since Q2 2019, the first such growth being in Q1 this year.

The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the Saudi economy.

However, as all the sectors recover, here is a breakdown of how things are finally starting to look up: