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الوقائع الإخبارية
Shahada: Economy grows 2.9% despite challenges
The Minister of State for Economic Affairs, Muhannad Shuhada, confirmed that the national economy recorded a growth rate of 2.9% during the first quarter of this year, despite challenging regional and geopolitical conditions. This growth was broadly distributed across key sectors, including agriculture at 6.8%, electricity at 4.3%, and industry at 5.3%. The manufacturing sector accounted for 16.6% of the growth and makes up 95% of national exports. Additionally, exports increased by 7.3% in the first three months, with growth observed in the European and Asian markets. The economy managed to maintain its resilience and achieved stable financial and monetary indicators, with foreign reserves exceeding $27 billion and an adequacy ratio of capital reaching 18%.
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