The pick-up was largely due to an increase in sales
saudi non oil economy
Latest in saudi non oil economy
Jadwa Investment
Covid-19 risks to Saudi economic growth now ‘limited’ as uncertainty diminishes
Jadwa Investment says Saudi Arabia’s economy will exhibit strong levels of growth nudging 8 percent in 2022
IHS Markit
Saudi Arabia’s economic growth stays near decade-high as oil powers rebound
Non-oil gross domestic product gains 5% in Q4 while the oil economy grows by 10.8%
Jadwa Investment
How Saudi Arabia could see 7% economic growth in 2022
Jadwa Investment analysts deliver upbeat forecast for Saudi economy but warns that ongoing Covid crisis could still impact
Business activity
Saudi’s non-oil economy maintained growth momentum in November
Businesses surveyed for the IHS Markit Saudi Arabia Purchasing Managers’ Index linked higher sales to a continued return to normal economic conditions and a boost to tourism from relaxed travel measures
business activities
Saudi non-oil economy grows at slower pace amid lower exports
Employment growth remained negligible while stocks of purchases rose at the slowest pace since October, according to latest report from IHS Markit
Jadwa Investment
How the non-oil sector is increasingly driving Saudi economic prospects
Jadwa Investment raises forecast for 2021 growth on back of strong real estate, non-oil manufacturing, retail and tourism performance
Business activity
UAE business conditions improve at slower pace; employment rises
Employment increased for the first time since January and at the quickest pace in more than two years
Saudi businesses
Saudi non-oil economy rebounds with 2.9% growth in Q1
Non-oil sector grows in the first three months of 2021 while the oil economy shrank 11.7% due to production cuts made to support prices
industrial licences
Saudi Arabia sees industrial sector momentum as new licences surge
Report shows 83 industrial licences were issued last month with a capital of SR1.6bn compared to just 12 licences in year-earlier period
IMF
Revealed: what the IMF thinks of Saudi economic progress
International Monetary Fund says Saudi growth is expected to pick up over the medium-term as ongoing reforms take hold
Businesses in Saudi Arabia
Saudi Arabia’s $53bn non-oil stimulus may last beyond 2021
Naif Al-Rasheed, managing director of the Private Sector Stimulus Office is focusing on companies in the real estate, hospitality, healthcare and education sectors