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Non-oil sector to play key role in Saudi GDPSaudi Arabia’s GDP is likely to grow three per cent in real terms driven by a vigorous non-oil sector which will compensate for the decline in oil output in 2013, a report said. Growth in the non-oil sector will remain above More… |
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Non-oil sector drives GCC GDP growthThe non-oil industry in GCC grew strongly in 2012 as investment in major manufacturing projects, particularly petrochemicals, boosted output, a report said. Real GDP growth in the GCC is likely to have slowed from 7.8 per cent in More… |
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Qatar real GDP may slow to 5pc in 2013Qatar's overall real GDP growth in 2013 is likely to hit 5 per cent owing to a slight downwards revision in oil price forecasts, according to the country's top lender Qatar National Bank (QNB). QNB had earlier revised up i More… |
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Saudi non-oil business activity surges in DecThe growth of business activity in Saudi Arabia's non-oil private sector accelerated last month from November's one-year low, a survey showed on Saturday. The SABB HSBC Saudi Arabia Purchasing Managers' Index climbed t More… |
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Saudi Nov business growth at 1-year lowGrowth in business activity in Saudi Arabia dived to a one-year low during a November marked by extended public holidays but it remained well above the 50-point mark separating expansion from contraction, a survey showed on Monday. The More… |
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Qatar economy grows 5pc in Q2Qatar's economy grew 5 per cent from a year earlier in inflation-adjusted terms during the second quarter of 2012, as strong expansion in non-energy sectors including finance and construction largely offset a slacker energy sector, governmen More… |
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Saudi non-oil sector posts record work orderSaudi Arabia’s non-oil private sector companies recorded further growth of new business in July, while new work from abroad rose at an unprecedented rate, said a report. However, the rate of expansion slowed noticeably from June’s near-rec More… |
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Saudi business activity hits record highSaudi Arabia's non-oil private sector business activity climbed to its highest level to date on a record output increase, sharp rise in new orders and robust employment, a purchasing managers' survey showed on Monday. The SABB HSBC More… |
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Saudi 'non-oil sector grew in October'Strengthening domestic demand led to an improvement in overall business conditions in the Saudi Arabian non-oil producing private sector during October, according to Saudi British Bank (SABB). Although growth of new export work slowed sinc More… |
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Non-oil GCC growth 'to average 5pc per year'Non-oil growth is forecast to average 5.1 per cent per year, much higher than the 3.3 per cent annual average growth expected in the oil and gas sector, according to a new Economist Intelligence Unit (EIU) report. While challenges remain, More… |
