Monday 28 July 2014
 
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non-oil

Saudi non-oil exports down 5pc in May

Saudi Arabia's imports fell an annual 5 per cent in May, the seventh drop in a row, while non-oil exports dropped 5.1 per cent, their first fall since March 2013, data from the Central Department of Statistics and Information showed on Wedne

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Saudi non-oil business activity at 5-month high

Growth in Saudi Arabia's non-oil business activity rose to a five-month high in June, bolstered by strong growth in output and new orders, a survey showed on Thursday. The seasonally adjusted SABB HSBC Saudi Arabia Purchasing

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Non-oil sector to spearhead Bahrain growth

The pattern of growth in the kingdom looks likely to shift significantly this year, according to the Economic Development Board (EDB). In its latest economic quarterly report, the EDB said the relative stability of the hydrocarbon

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Bahrain’s non-oil sector growth likely to hit 4.4pc

While Bahrain’s real GDP growth reached 5.3 per cent last year, the rate of growth of the non-oil economy is expected to accelerate from 3 per cent last year to roughly 4.4 per cent this year, a report said. The relative sta

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Saudi, UAE business activity growth slows

Non-oil business activity growth slowed both in Saudi Arabia and the UAE, two leading economies of the GCC, in May as new orders cooled, surveys showed. In Saudi Arabia, activity rose at their most sluggish pace since September 20

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Saudi, UAE business activity growth slows

Non-oil business activity growth slowed both in Saudi Arabia and the UAE, two leading economies of the GCC, in May as new orders cooled, surveys showed. In Saudi Arabia, activity rose at their most sluggish pace since September 20

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Non-oil sector 'to drive Bahrain economy'

Bahrain's non-oil sector is well positioned for growth this year, powered by the launch of infrastructure projects worth $4.43 billion, according to the country's Economic Development Board (EDB). In the first Bahrain Econ

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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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