Saudi Arabia booked an almost 10-percent expansion of its GDP over the first quarter of the year thanks to the sustained rally in oil prices, according to official data. At 9.9 percent, the Kingdom’s economic growth during the quarter is the highest since the third quarter of 2011, Al Jazeera reported. “This growth is due to the high increase in oil activities by 20.3 percent,” the Saudi statistics authority said. Aramco reported a net profit of $39.5 billion for the first quarter, thanks to higher oil prices. This was an 82-percent…
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