Saturday 25 October 2014
 
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Non-oil sector

Saudi logs big growth in non-oil, UAE slumps

Non-oil private business activity in Saudi Arabia grew at the fastest pace in over three years last month, buoyed by strong expansions in new orders and employment, while the UAE’s business activity growth in the non-oil segment  fell

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Non-oil sector to drive UAE, Qatar GDP

While global rapid-growth markets (RGMs) will grow by over 4.5 per cent in 2015, in the UAE and Qatar, growth in the non-oil sector will be a significant driver of GDP, a report said. “With global oil production already high

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Non-oil sector boosting Abu Dhabi housing market

Growth in key non-oil sectors such as tourism, hospitality, education and healthcare is translating into robust demand in terms of the volume and nature of property requirements in Abu Dhabi, a report said. The non-oil sector cont

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Non-oil sector to play key role in Saudi GDP

Saudi Arabia’s GDP is likely to grow three per cent in real terms driven by a vigorous non-oil sector which will compensate for the decline in oil output in 2013, a report said. Growth in the non-oil sector will remain above

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Non-oil sector drives GCC GDP growth

The non-oil industry in GCC grew strongly in 2012 as investment in major manufacturing projects, particularly petrochemicals, boosted output, a report said. Real GDP growth in the GCC is likely to have slowed from 7.8 per cent in

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Qatar real GDP may slow to 5pc in 2013

Qatar's overall real GDP growth in 2013 is likely to hit 5 per cent owing to a slight downwards revision in oil price forecasts, according to the country's top lender Qatar National Bank (QNB). QNB had earlier revised up i

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Saudi non-oil business activity surges in Dec

The growth of business activity in Saudi Arabia's non-oil private sector accelerated last month from November's one-year low, a survey showed on Saturday. The SABB HSBC Saudi Arabia Purchasing Managers' Index climbed t

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Saudi Nov business growth at 1-year low

Growth in business activity in Saudi Arabia dived to a one-year low during a November marked by extended public holidays but it remained well above the 50-point mark separating expansion from contraction, a survey showed on Monday. The

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Qatar economy grows 5pc in Q2

Qatar's economy grew 5 per cent from a year earlier in inflation-adjusted terms during the second quarter of 2012, as strong expansion in non-energy sectors including finance and construction largely offset a slacker energy sector, governmen

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Saudi non-oil sector posts record work order

Saudi Arabia’s non-oil private sector companies recorded further growth of new business in July, while new work from abroad rose at an unprecedented rate, said a report. However, the rate of expansion slowed noticeably from June’s near-rec

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