Saudi Arabia's short-term revenues rise

Short-term business revenues in Saudi Arabia increased by 11.4% year-over-year in May, driven by a 38.7% surge in mining and quarrying activity and a 9.6% expansion in the manufacturing sector. Financial and insurance activities also saw increases of 12.9% and 2.5%, respectively. On a monthly basis, revenues rose by 2.9%, while building permits experienced a significant annual decline of 33.3% and a monthly drop of 25.7%.

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