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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Local, Italian companies partner up to establish food retail chain in Egypt

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          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

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            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Local, Italian companies partner up to establish food retail chain in Egypt

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

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              France to help Iraq generate electricity, will invest in education, science: Macron

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                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Saudi GDP to grow 4.2% in 2013

              Emirates 24|7

              July 14, 2013
              in Economy
              0

              Saudi Arabia's real GDP is projected to expand by around 4.2 per cent and growth will be fuelled by the non-hydrocarbon sector as the oil GDP is expected to decline due to lower output and prices, according to a local study.

              The non-oil private sector is expected to rise by around 5.3 per cent while the government sector will grow by 4.3 per cent, the Riyadh-based Jadwa Investments said in its monthly bulletin sent to Emirates 24/7.

              It showed the oil sector would shrink by around 1.5 per cent after high growth in the previous two years, adding that the decline would be a result of a drop in average Saudi crude prices to $99.4 a barrel in 2013 from $108.1 in 2012. The Gulf Kingdom's oil production is also expected to fall to 9.6 million barrels per day after reaching its highest annual average of around 9.8 million bpd in 2012.

              In nominal terms, Saudi Arabia's GDP will expand by around 3.3 per cent to SR2,819 billion in 2013 from SR2,727 billion in 2012, the report showed, adding that GDP in current prices would climb to a new record of SR2,905 billion in 2014.

              Jadwa said lower oil prices through 2013 would depress Saudi Arabia's revenue to around SR1,047 billion in 2013 from SR1,118 billion in 2012.

              But it noted the earnings would remain far above budgeted revenues of SR829 billion. This will create a much bigger actual fiscal surplus of nearly SR177 billion, nearly 20 per cent the budgeted surplus of SRnine billion.

              The report said the high surplus would allow Saudi Arabia to further trim its public debt to just around SR90 billion at the end of 2013 from SR99 billion at the end of 2012 and nearly SR135 billion at the end of 2011.

              The public debt in the world's top oil exporter and largest Arab economy was as high as 110 per cent of GDP in late 1990s before it was slashed to SR365 billion at the end of 2006. It continued its slide in the following years because of strong oil prices.
              Emirates 24|7
              14 July

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