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
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 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’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
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
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.
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