Saturday 18 May 2013
 
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non-oil

Saudi non-oil exports down 6pc in March

  Saudi Arabia's non-oil exports fell six per cent in March to hit SR16.5 billion ($4.39 billion) from SR17.5 billion last year, official data showed.   How

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Sultan Qaboos takes economic policy to people

  On a cold, hazy morning in the desert outside the northern town of Bahla last week, Oman's ruler told a group of local people that he had ordered the creation of a fund to help them establish

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Saudi non-oil activity edges down in Jan

The healthy growth rate of business activity in Saudi Arabia's non-oil private sector eased slightly in January, a survey showed on Monday. The SABB HSBC Saudi Arabia Purchasing Managers' Index slipped to a seasonally adju

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UAE business indicator at 19-month high

  Growth in the United Arab Emirates' non-oil private sector rose to a 19-month high in December as new orders increased sharply, a survey showed on Sunday.   The HSBC UAE Purchasing Managers

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GCC non-oil growth seen at 5pc for 2013

The GCC countries are expected to grow about five per cent in 2013 on a non-oil real GDP basis while oil prices will stay close to $100 per barrel keeping these countries budget finances in surplus, a report said. In a context sim

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Dubai’s 10-month foreign trade hits record $272bn

Dubai's foreign trade volume rose 13 percent to a record 1.0 trillion dirhams ($272 billion) in January-October, data from the emirate's customs office showed on Wednesday. The emirate of Dubai accounts for around three quarters

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Saudi non-oil exports plunge 22.7pc

  Saudi Arabia's imports fell 5.9 percent from a year ago in August, the second monthly decline in a row, while non-oil exports plunged 22.7 percent, official data showed on Wednesday.   The tra

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Saudi, UAE non-oil business activity up

  Growth of business activity in Saudi Arabia's non-oil private sector rose to a four-month high in September because of an increase in new orders, while new orders shot up to a 15-month high in the UAE, surveys showed.

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UAE non-oil growth seen at 3-4pc in 2012

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

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Saudi non-oil sector registers solid growth

The Saudi Arabian non-oil private sector continued to show considerable resilience in the face of a global slowdown in June, with output, new orders and employment all up at rates little-changed from the earlier month, said a report. The S

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