Saturday 19 April 2014
 
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non-oil

Saudi business activity hits 5-month low in March

Growth in Saudi Arabia's non-oil business activity slowed to a five-month low in March as expansion of new orders and output weakened, and employment fell slightly after 29 consecutive months of growth, a survey showed on Thursday.

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Bahrain's banking system outlook changed to stable

The outlook on Bahrain's retail banking system has been changed to stable from negative, said a report, adding that this reflects an economic recovery driven by increased government spending and construction activity. Moody

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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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UAE, Saudi non-oil activity surges in Feb

The non-oil private sector companies in both the UAE and Saudi Arabia witnessed solid expansions in their output and new orders, said a report. The SABB/HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI s

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Saudi non-oil sector posts solid growth in Feb

Saudi Arabia’s non-oil private sector companies recorded solid growth in February with output, new orders, and employment all continuing to rise, said a report. However, the growth rates were a little softer, said the S

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Non-oil sectors ‘biggest contributors to UAE economy’

Non-oil sectors were the biggest contributors to the UAE economy’s growth last year, with growth rates reaching seven per cent in some sectors, said a senior official.   Sultan Bin Saeed Al Mansoori, Minist

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Non-oil sector to drive Bahrain, GCC growth

The non-oil private sector is expected to be the key driver of growth for Bahrain and the GCC region, said a top economist. Economic Development Board (EDB) chief economist Dr Jarmo Kotilaine said he expects Bahrain's non-oil

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Saudi non-oil exports grow 9.2pc

Saudi Arabia’s non-oil exports grew 9.2 per cent year-on-year in December as returns reached SR19.9 billion ($5.3 billion), said a report. The steep rise in exports revenue is owed, by weight, to high demand for plastics, an

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Saudi non-oil sector grew 5pc in 2013

Saudi Arabia's non-oil sector grew by a robust 5 per cent year-on-year in 2013 as consecutive years of solid government spending lifted business and consumer confidence and banks’ comfort in lending, said a report. The p

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Dubai non-oil trade hits Dh1 trillion in Q3

Dubai's non-oil foreign trade crossed the Dh1 trillion ($272.26 billion) milestone during the first nine months in 2013, Dubai Customs statistics showed. The trade reached Dh1.009 trillion by the end of Q3, compared to Dh918 b

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