Tuesday 1 September 2015
 
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non-oil

Non-oil diversification ‘crucial for Mideast’

The growing importance of non-oil diversification for Middle East economies has been highlighted by a regional consultancy as the Indian economy continues to strengthen. The tender cost update for the Middle East and Indian markets by Mace Cos

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Non-oil diversification ‘crucial for Mideast’

The growing importance of non-oil diversification for Middle East economies has been highlighted by a regional consultancy as the Indian economy continues to strengthen. The tender cost update for the Middle East and Indian markets by Mace Cos

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Dubai private sector growth 'weakest since 2012'

The overall business activity across Dubai’s non-oil private sector economy experienced its weakest expansion in July this year since March 2012, according to a report. The Emirates NBD Dubai Economy Tracker said contributio

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Saudi budget squeeze may be several years away

Pressure on Saudi Arabia's state finances is mounting as oil prices fall but the latest official figures suggest the world's top crude exporter still has at least several years before it faces a budget crunch. Brent oil sa

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Bahrain to see 4 per cent growth despite low oil

Bahrain’s economy is expected to grow by at least four per cent this year despite global financial challenges and declining oil prices, said a top banking executive. Non-oil sectors would play a crucial role in boosting the

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Saudi non-oil imports down 5pc in May

Saudi Arabia's imports dropped 5.1 per cent in May compared with a year earlier, while non-oil exports were down 16.7 per cent, data from the Central Department of Statistics and Information showed on Saturday. The non-oil exp

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Non-oil to drive Mideast economies to 5pc growth

Middle Eastern economies are anticipated to witness around five per cent growth this year due to the gradual shift in investment to non-oil sectors, a report said. However, implementing pragmatic macroeconomic policies to stabilis

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Non-oil to drive ME economies to 5pc growth

Middle Eastern economies are anticipated to witness around five per cent growth this year due to the gradual shift in investment to non-oil sectors, a report said. However, implementing pragmatic macroeconomic policies to stabilis

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Saudi non-oil business activity hits 12-month low

Growth in Saudi Arabia's non-oil private sector slowed to a 12-month low in May as expansion of both output and new orders slackened, a survey of businesses showed on Wednesday. However, the non-oil business activity growth in the n

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Saudi non-oil sector posts robust growth in Feb

The non-oil private sector in Saudi Arabia registered robust growth in February with its output expanding at a faster pace compared to the same period last year, said a report. After accounting for seasonal factors, the headline P

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