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Saudi Arabia’s financial system grew by 9.6 p.c within the first quarter of 2022, in comparison with a 12 months earlier, in accordance with flash authorities estimates on Sunday, as a restoration within the oil sector drove the strongest development in additional than a decade.
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Through the first quarter, oil exercise in Saudi Arabia elevated by 20.4 p.c and non-oil exercise by 3.7 p.c, the estimates confirmed.
If the estimates are confirmed, they’d mark the very best development charge since 2011, the Saudi Normal Authority for Statistics mentioned.
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