Oil

Oil activities expanded by 0.3 percent year-on-year, while non-oil activities experienced a notable growth of 4.2 percentÂ

Brent crude to average $84 per barrel in 2024, broadly in line with the average over the last 18 months

Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd

Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter

The banks on the Aramco offering will take institutional orders until Thursday and will set the price of the shares the following day

The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said

The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
