Wednesday 1 October 2014
 
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hydrocarbon

Non-oil tradable sector ‘key for GCC growth’

Non-oil tradable sector ‘key for GCC growth’ A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth, a report said, adding that sinc

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Qatar's economic growth edges up to 5.7pc in Q2

Qatar's economic growth picked up slightly to 5.7 per cent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday. Real

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Diversification to drive UAE economic growth

The diversification policy of the UAE constitutes an important pillar of the economic performance as it reduces the dependence on oil and supports the real sector, said an industry expert, projecting a 5 per cent economic growth in 2014.

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Essar unit wins $54m Saudi Aramco contract

Leading EPC contractor Essar Projects’ unit Hydrocarbon SBU  has won a $54 million maiden contract from Saudi Arabian national oil company Saudi Aramco, said a report. The project involves the upgradation of a Crude Stabiliza

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Petrotech puts spotlight on mega Mideast projects

Panel discussions at Petrotech 2014 have thus far provided participants with insights into the latest industry developments, the region's mega projects and new technologies. More than 2,500 industry leaders from around the Mid

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Petrotech puts spotlight on mega Mideast projects

Panel discussions at Petrotech 2014 have thus far provided participants with insights into the latest industry developments, the region's mega projects and new technologies. More than 2,500 industry leaders from around the Mid

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Qatar to allocate more to non-oil sectors

Qatar’s general budget for 2014-15 will have a higher allocation for infrastructure, logistics, education and health sectors, as it diversifies its economy away from hydrocarbons, said a report.   The Finan

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Bahrain’s GDP set to expand 12pc

Living standards in Bahrain are set for a boost with the rate of gross domestic product (GDP) per capita forecast to rise by 12 per cent over the next five years, a report said. Bahrain government must step up efforts to diversify

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Qatar non-hydrocarbon economy on the rise

Qatar’s non-hydrocarbon sector could worth more than half of the country's GDP by 2015, said top economists leading up to a major financial conference in Doha next week. In 2012, Qatar's GDP was $192 billion, with th

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Qatar sees strong non-hydrocarbon growth

  Qatar expects rapid growth in non-hydrocarbon parts of its economy this year while its gas sector is unlikely to expand significantly, Finance Minister Youssef Kamal said on Monday.   "We exp

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