Tuesday , October 23 2018

Tag Archives: Non-oil growth

Program being prepared for enhancing non-oil resources

Bid to increase no. of citizens in private sector KUWAIT CITY, Sept 13: Sustainable development program, which is being prepared by a number of government bodies, aims at enhancing non-oil revenues to almost KD 3 billion in the year 2019/2020 through a plan being executed by all state institutions, reports …

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Kuwait export of non-oil products dropped by 20 pc in Nov: statistics

KUWAIT CITY, Dec 28: Recent statistics released by the Ministry of Commerce and Industry showed that Kuwait’s export of non-oil products dropped by 20 percent in November compared with the annual growth of the sector, reports Al-Rai daily . According to the report, the total exports reached KD 8 million …

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Non-oil growth pegged at 0.8% in 2017, 1.1% next

More than three years into the oil price downturn and the Saudi economy continues grapple with subdued domestic demand, lower consumer confidence and the effects of the pullback in government spending. Energy and utility subsidies have been curtailed, taxes have been introduced, public sector bonuses have been frozen (though now …

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Non-oil growth pegged at 4-4.5% in 2016 & ’17 – Fiscal deficit to narrow in 2017 as reforms are enacted and oil prices seen to improve

KUWAIT CITY, Sept 17: Kuwait’s non-oil economy has maintained a relatively healthy pace of growth even as oil prices remained more than half their levels of two year ago. Indeed, we see non-oil growth improving in 2016 and 2017, in contrast to cooling activity in some neighboring GCC countries. The …

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Non-oil growth pegged at 4-5% in 2016 & 2017 – Government’s capital spending plans to remain on track

KUWAIT CITY, Dec 26: Economic activity is expected to improve in 2016 and 2017, boosted by an increase in public investment and steady growth in consumption. This is happening despite the large decline in oil prices seen since the middle of 2014, and which has put some pressure on the …

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