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 […]
Abu Dhabi’s non-oil foreign trade grew 34.7% in H1 2025, up from AED145 billion during the same period in 2024/ Representative image Abu Dhabi’s non-oil trade sector delivered a standout performance in the first half of 2025, driven by a robust surge in exports, steady growth in imports, and a rise in re-exports. The 34.7% […]
The non-oil revenue growth helped soften the blow of a 29% drop in oil income, easing pressure on Saudi Arabia’s Q2 2025 budget deficit/ Image: Saudi Arabia Ministry of Finance In a significant financial development for Saudi Arabia, non-oil revenues in the second quarter of 2025 rose sharply by 7 percent, reaching SR149.861 billion ($39.9 […]
