Strong demand continued to drive growth in Saudi Arabia’s non-oil business sector in December, although the pace was slightly slower than in November, according to a survey released on Sunday. Riyad Bank Saudi Arabia’s seasonally adjusted Purchasing Managers’ Index (PMI) fell to 58.4 in December, down from a 17-month high of 59.0 in November. Despite … Read more
Government data showed on Sunday that the Saudi economy grew by 2.8% in the third quarter compared to the same period a year ago, supported by an increase in non-oil activity. The growth rate was consistent with the preliminary data announced in October. Non-oil output rose by 4.3% in the quarter compared to last year, … Read more
Islamabad: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh on Saturday revealed that Pakistan’s naval operations contribute a modest 0.5% to the country’s GDP, which lags significantly behind the global average of 7%. Speaking at Kholi Kashahri at the PNSC building in Karachi, the Minister emphasized the huge untapped potential in the maritime industry. “Developed … Read more