GCC non-oil imports from Saudi down
The value of Saudi nonoil exports to the Gulf Cooperation Council (GCC) countries dropped 45.27 percent to reach SR 1.34 billion in October 2012 compared to the same period last year, according to a report by the Central Department of Statistics and Information (CDSI).
According to the CDSI report, Saudi imports from the GCC states dropped by 6.94 percent to reach SR 2.95 billion during the period in question.
The United Arab Emirates topped the list of the GCC countries that mostly received Saudi nonoil exports by 63.48 percent of total exports at the value of SR 613 million, followed by Qatar (SR 228 million), Kuwait (SR 202 million), Bahrain (SR 169 million) and Oman (SR 124 million), the report said.
Last week, a CDSI report said the value of Saudi nonoil exports to global markets dropped 22.97 percent to reach SR 13.16 billion in October of the current year compared to the same period last year.
According to the CDSI report, Saudi imports also dropped 20.95 percent and reached SR 38.91 billion in the comparative periods.
- Is the GCC-US business driven "marriage of convenience" about to be over?
- The not-so-glamourous side of the Western expat's life in Dubai
- The best way to ask for a raise or a promotion...and, God forbid, handle a 'no'
- Syria's children search for livelihood amidst Lebanon's graves
- Arab Thought Foundation's strategy to create 80 million jobs in the Middle East