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IMF sees Saudi growth soaring 7.6% this year on high oil prices
IMF sees Saudi growth soaring 7.6% this year on high oil prices

The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday. Bumper oil revenues and increased tax revenues from the non-oil economy saw the overall fiscal balance improve by almost nine percentage points to a deficit of 2.3 percent of GDP last year, the IMF said.

Crimea attacks: Ukraine puts pressure on lost territory
Crimea attacks: Ukraine puts pressure on lost territory

Two massive attacks on Russian bases in Crimea far from the frontline in recent days have given Ukraine a boost -- eight years after Russia's humiliating takeover of the strategic peninsula. Ukraine says it has recaptured dozens of villages on the southern front and struck strategic targets including bridges in recent weeks.