Economy news


Riyadh posts non-oil growth but hydrocarbons still dictate performance

Recent data give some grounds for optimism that Saudi Crown Prince Mohammed Bin Salman’s bets on stimulating non-oil growth and liberalising society is yielding dividends, but an IMF report and other recent analysis show just how much further the country needs to go to end its dependency on oil and gas revenues.

Issue 1176 - 15 September 2023

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