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Non-oil latest

Saudi oil revenues hit 18% peak in the second quarter of 2024

August 1st, 2024 - 05:36 GMT

Reema Tuqan

Saudi oil revenues hit 18% peak in the second quarter of 2024

ALBAWABA - Saudi Arabia recorded a 18% peak in oil revenues for the second quarter of 2024. Non-oil revenues increased by 4%, compared to the same period in 2023. Saudi Ministry of Finance said in a statement issued on Wednesday that the kingdom’s budget deficit reached 15.341 billion riyals ($4.09 billion) in the second quarter of 2024. While the first quarter of 2024 recorded a deficit of 27.727 billion riyals ...

The IMF had earlier revised down growth forecast for 2019 to 1.6 per cent from its previous forecast of 2.8 per cent.

October 28th, 2019 - 09:45 GMT

IMF: UAE GDP Projected to Grow at 2.5 Percent Due to Non-Oil Sector

The volume of non-oil deals concluded by Saudi Arabia amounted to approximately USD170 billion

October 27th, 2019 - 07:00 GMT

Saudi Arabia's Non-oil Deals Hit $170 Billion Since 2016

Dubai almost doubled its foreign trade value in IT and telecom industry over the past decade.

October 10th, 2019 - 06:47 GMT

Dubai's Non-Oil Sector Recovers Due to Solid Increase in Sales

Non-oil exchange between the two countries reached Dh107.4 billion in 2018, a surge of 35 per cent over 2017.

September 23rd, 2019 - 08:34 GMT

UAE-Saudi Non-Oil Trade Exceeds $113 Billion Over the Past 5 Years

Moody’s believes that Saudi Arabia will drive global sukuk issuance in 2019.

September 4th, 2019 - 09:30 GMT

Saudi Economy Relatively Stable Despite Global Challenges

During that 5-month period, the value of imports stood at $17.7 billion.

September 3rd, 2019 - 08:30 GMT

Iran's Non-Oil Exports Over 5 Months Amount to $17.8 Billion

World oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, in line with the current year estimates

August 19th, 2019 - 08:00 GMT

OPEC: Global Oil Demand Growth Forecast for 2019 Remains at 1.14 Million Bpd

The GCC and Egypt’s economic growth and public finances improved in 2018 amid higher oil prices, infrastructure development, diversification programmes and fiscal reform.

July 28th, 2019 - 07:41 GMT

GCC Economic Growth to Rely Heavily on Non-Oil Activities

The latest survey data saw an acceleration in new business growth at businesses in Saudi Arabia’s non-oil private sector.

July 4th, 2019 - 07:35 GMT

Saudi Arabia’s Non-Oil Sector Sees Fastest Growing in 19 Months

UAE economy is expected to pick up growth momentum by 2020

July 3rd, 2019 - 06:30 GMT

UAE's Non-Oil Sector Prospers in Q2 as Investor Confidence Grow

The value of re-exports was SR2.589 billion in April.

June 18th, 2019 - 11:00 GMT

Saudi Arabia’s Non-Oil Exports Drop to $4.5 Billion in April

The UAE's non-oil imports during 2018 amounted to Dh938 billion while the import of raw and half-finished gold took the lead in imported commodities totalling Dh111 billion in 2018.

May 29th, 2019 - 08:30 GMT

UAE Non-Oil Trade Soars to $440 Billion in 2018