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UAE’s non-oil job, output levels surgeWhile the UAE's non-oil producing private sector reported the fastest rise in employment levels in two years and a further boost in output levels during April, the rate of increase in new orders eased to the slowest in a year, a report said. More… |
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Bahrain real GDP grows 3.9pc in 2012Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report. Even as the oil sector shrank by around 8.5 per cent in 201 More… |
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Abu Dhabi taps into non-oil sectors for growthAbu Dhabi's western region Al Gharbia is tapping into non-oil sectors for sustainable growth and aims to generate 25 per cent of the emirate's power needs through the nuclear power reactors in Barakah by 2020. This is in a More… |
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Saudi non-oil exports down 6pc in MarchSaudi 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 More… |
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Sultan Qaboos takes economic policy to peopleOn 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 More… |
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Saudi non-oil activity edges down in JanThe 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 More… |
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UAE business indicator at 19-month highGrowth 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 More… |
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GCC non-oil growth seen at 5pc for 2013The 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 More… |
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Dubai’s 10-month foreign trade hits record $272bnDubai'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 More… |
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Saudi non-oil exports plunge 22.7pcSaudi 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 More… |
