Saudi economy swelled nearly 12% in April

Saudi economy swelled nearly 12% in April–June

By Agence France-Presse

Aug 02, 2022 12:17 am

RIYADH: A surging oil sector helped Saudi Arabia's economy expand nearly 12 percent year on year in the second quarter of 2022, the country's statistics agency reported on Sunday.

The Middle East's largest economy has benefited from a spike in oil prices triggered by Russia's invasion of Ukraine, and has largely resisted appeals from Western countries to raise output in order to bring prices down.

This July 2, 2018 file photo shows the Yanbu Aramco Sinopec Refining Co. in Yanbu, Saudi Arabia. XINHUA PHOTO

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