While global rapid-growth markets (RGMs) will grow by over 4.5 per cent in 2015, in the UAE and Qatar, growth in the non-oil sector will be a significant driver of GDP, a report said.
“With global oil production already high
Growth in key non-oil sectors such as tourism, hospitality, education and healthcare is translating into robust demand in terms of the volume and nature of property requirements in Abu Dhabi, a report said.
The non-oil sector cont
Saudi 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
The 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
Qatar'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
The 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
Growth 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.
Qatar'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
Saudi 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
Saudi 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