Sunday 20 April 2014
 
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non oil

UAE non-oil business activity at 4-month high

Business activity growth in the UAE's non-oil private sector edged up slightly to a four-month high in March as output surged at the fastest pace in the series' history, a purchasing managers' survey showed on Thursday.

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Dubai trade growth up 7.6pc to $362bn

Dubai's non-oil trade expanded 7.6 percent last year, slowing from 13 percent growth in 2012, but the emirate's trade with Iran stabilised despite US economic sanctions, according to Dubai customs data released on Sunday.

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Kuwait govt spending soars to $18bn in H1

Kuwait government's spending for the first half of fiscal year 2013/14 hit KD5.1 billion ($18 billion), about KD1.7 billion higher than a year ago, mainly driven by a rise in current expenditures, said a report. After a weak f

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Robust non-oil growth boosting Gulf RGMs

The GCC can expect to see robust economic growth over the medium term and successful diversification of its local economies backed by a young population which is helping to foster entrepreneurship and the buoyant growth of the non-oil sector, ac

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Kuwait's non-oil GDP to grow 3pc in 2013

Kuwait's non-oil GDP is expected to increase modestly to three per cent, driven by a combination of a continued increase in domestic consumption as a result of the 2012 public wage hike and some pick-up in government capital spending, said a

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Saudi non-oil business activity surges in Aug

Saudi non-oil private sector registered solid improvement in its business activity during August with firms reporting higher employment levels and an accelerated pace in growth, said a report. The Saudi Arabia purchasing managers&

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GCC non-oil growth to hit 6pc in 2013-14

The real non-oil GDP growth in GCC region will hit close to 6 per cent per annum in 2013 and 2014, similar to 2012 and nearly a per cent point higher than previously forecast, thanks to boost in public spending levels and improving private sec

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Saudi non-oil exports down 2pc in Q1

Saudi Arabia witnessed a slight drop in its non-oil exports during the first quarter which fell 2.1 per cent to SR46.84 billion ($12.5 billion) compared to SR47.84 billion during the same period last year, said a report. The list

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Saudi non oil exports hit $4.74bn in April

Saudi Arabia's non-oil exports surged about 3.3 per cent in April to hit SR17.8 billion ($4.74 billion) when compared to SR17.2 billion last year, showed official data from the world's largest oil exporte

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Saudi economic growth seen at 3.6pc in 2013

The real GDP in Saudi Arabia is expected to grow at 3.6 per cent and 3.4 per cent respectively on the back of high oil prices as well as a surge in government infrastructure spending and public sector wage growth, said a report. T

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