saudi economy

Saudi foreign minister says no adequate oil supplies without OPEC+ cooperation

Saudi foreign minister says no adequate oil supplies without OPEC+ cooperation

TOKYO: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan has reiteriated Russia’s position as an integral part of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, and added that without the alliance it would be impossible to properly ensure adequate oil supplies to the market. Speaking at an Arab News […]

Saudi economy grows at fastest pace in a decade on rising oil activities

Saudi economy grows at fastest pace in a decade on rising oil activities

RIYADH: Saudi Arabia’s real Gross Domestic Product rose by 9.6 percent in the first three months of 2022 compared to the same period last year, according to flash estimates by the General Authority for Statistics, also known as GASTAT. Real GDP in Saudi Arabia, the biggest oil producer in the Organization of the Petroleum Exporting Countries and the […]

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