Tag: Non-oil Economy
Bahrain Economy Grows 1.6% in Q3 2019, Led by Non-Oil Sectors
Bahrain's economy grew by 1.6% in the third quarter of 2019, led by non-oil sector growth. The sector grew by 2% year-on-year (YoY), said the...
Oman’s 2020 Budget: Highlights
Oman’s government expects to increase spending in 2020 by 2% to OMR13.2 billion, but its fiscal deficit will remain high at 8% of gross...
Saudi Plan to Wean Off Oil Sees Success Even as Economy Stalls
(Bloomberg) --Saudi Arabia’s economy shrank 0.5% in the third quarter, a contraction that was broadly expected even as the kingdom’s goal of weaning itself...
Saudi Arabia’s Red Sea Development Seeks to Raise $3.5 Billion
(Bloomberg) -- The firm that’s transforming an archipelago, desert and mountains -- an area about the size of Belgium -- on Saudi Arabia’s Red...
Healthy economic outlook for Oman over medium term, says CBO report
Oman’s economic outlook appears to be healthy over the medium term aided by thriving non-oil economic sectors and new enabling policies, including those that...
U.A.E. Central Bank Turns More Downbeat on 2019 Outlook Than IMF
(Bloomberg) - Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary...
