Non-oil Sectors Archives

August 4, 2025
International
World

GCC GDP 2024: Real and nominal figures differ, but both show non-oil sectors make up over 70% | World News

In 2024, non-oil sectors made up 77.9% of nominal GDP and 70.6% of real GDP across the GCC/ Image: FIle The Gulf Cooperation Council (GCC) economies showed steady growth in 2024, with rising contributions from non-oil sectors offsetting a decline in oil output. Real GDP rose 3.3% in the fourth quarter, backed by strong performance […]

July 12, 2025
International
World

Dubai’s secret: Why it leads the region beyond oil and real estate | World News

Driven by policy reforms, global connectivity, and diversified industries, Dubai has emerged as the region’s leading business and financial hub with strong international investor appeal/Image: File TL;DR: Dubai has diversified far beyond oil; today, non-oil sectors like trade, logistics, tourism, finance, and tech drive 99% of its GDP. Investor-friendly policies such as full foreign ownership, […]