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· • Saudi Arabia s crude oil production in 2022 was million b/d a 10 year low as a result of its commitment to the April 2022 OPEC agreement to curtail oil production Before the OPEC agreement was signed Saudi Arabia s crude oil prod was uctiona record high million b/d in April 2022
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· Increase of standard rate to 15 percent The standard rate of VAT in Saudi Arabia was increased from 5 percent to 15 percent with effect from 1 July 2022 This increase was a response to the unprecedented economic fallout from the impact of the COVID 19 pandemic Exemption for real estate transactions
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The impacts of quarrying of the gypsum deposits on the environment at Maqna Tabuk were evaluated by intensive field studies including in situ testing mapping and sampling of
· Saudi Arabia Economic Outlook March 8 2022 Growth eased in Q4 after reaching the highest level since Q1 2022 in Q3 The slight slowdown was mainly the result of weaker non oil sector activity as a fading base effect and some lingering supply chain and Covid 19 related disruptions weighed on output
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