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FINANCIAL NEWS
Saudi Arabia’s economy flourishes in Q2
04 Sep 2013
(MENAFN) Economy of Saudi Arabia saw a 2.7 growth during the period from April to the end of June 2013 while the non-oil sector flourished compared to a decline in the oil sector, according to Gulf Daily News.
The Kingdom’s oil exports decreased 2.1 percent in the first quarter of the current year recording the lowest rate since 2010.
The country’s gross domestic product dropped 1.1 percent in the second quarter of the same year compared to a growth of 2.7 in the first quarter.
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