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Economy

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

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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INSEAD Day 4- 300x600