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.
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.
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 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
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
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
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
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
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.
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