Tuesday 29 July 2014
GCC Brief

Saudi non-oil GDP growth seen easing to 6pc

Saudi Arabia’s non-oil GDP growth, which achieved break-neck rates of eight per cent per year between 2005 and 2012, is expected to moderate to six per cent during 2013, a report said. The Saudi economy has grown at a much h


New projects to boost Kuwait non-oil growth

The start-up of large projects in Kuwait’s power and transport sectors during the second half of 2013 will feed through to stronger growth in the non-oil economy, which is expected to rise from 4.5 per cent this year to 5 per cent in 2014.


GCC growth ‘set to drop to 3.6pc in 2013’

GCC economic growth is set to slow to 3.6 per cent in 2013 from 5.4 per cent in 2012 as the three-year surge in regional oil production comes to an end, a report said. However, on the ground, business conditions are expected to re


UAE non-oil growth seen at 3-4pc in 2012

UAE’s non-oil growth is likely to continue at a below-trend pace of 3 to 4 per cent for the next couple of years, said the latest GCC Brief issued by the National Bank of Kuwait. Data for the first quarter of 2012 – includin


Saudi economy to grow 5.7pc in 2012

Backed by a strong oil sector and large government stimulus generating impressive growth figures, Saudi Arabia’s real GDP is expected to grow by 5.7 per cent this year, said a report. Provisional data show the non-oil sector grew


Qatar GDP growth ‘may slow down’

After posting double-digit growth in 2011 for the sixth consecutive year on the back of near-maximal liquefied natural gas (LNG) and elevated oil prices, Qatar’s output growth is set to moderate over the next few years, a report said.


LNG to bolster Qatar’s 2011 growth

Qatar is heading for another year of fast growth in 2011, underpinned by a final sizeable increase in LNG production, bringing total capacity to the targeted 77 million tonnes per year, said a report. Buoyed by rising oil prices and increa

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