INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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: