{"id":9758,"date":"2024-06-24T15:26:50","date_gmt":"2024-06-24T15:26:50","guid":{"rendered":"https:\/\/thegulfpress.com\/gcc-non-energy-growth-resilient-despite-oil-output-cuts\/"},"modified":"2024-06-24T15:26:50","modified_gmt":"2024-06-24T15:26:50","slug":"gcc-non-energy-growth-resilient-despite-oil-output-cuts","status":"publish","type":"post","link":"https:\/\/thegulfpress.com\/en\/gcc-non-energy-growth-resilient-despite-oil-output-cuts\/","title":{"rendered":"GCC non-energy growth \u2018resilient\u2019 despite oil output cuts"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"atext\">\n<p>\n\tHigh-frequency data paints a positive outlook for non-energy sectors across the GCC even as extended oil production curbs are predicted to slow down the economy.\u00a0<\/p>\n<p>\n\t\u00a0<\/p>\n<p>\n\tWithin the GCC, Bahrain continues to diversify its economy and reduce reliance on oil revenues. Last year its non-oil growth grew by 3.4%, accounting for nearly 84% of GDP, said the latest Economic Insight report for the Middle East, commissioned by ICAEW and compiled by Oxford Economics.\u00a0<\/p>\n<p>\n\t\u00a0<\/p>\n<p>\n\tIn Saudi Arabia, investments are expected to flow into key sectors supporting giga-projects, including&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.tradearabia.com\/news\/IND_423447.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>High-frequency data paints a positive outlook for non-energy sectors across the GCC even as extended oil production curbs are predicted to slow down the economy.\u00a0 \u00a0 Within the GCC, Bahrain&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1830],"tags":[261,258,259,257,264,263,262,256,260,255],"class_list":["post-9758","post","type-post","status-publish","format-standard","hentry","category-energy-en","category-energy-ar","tag-business-directory","tag-gcc-business-news","tag-industry-news","tag-middle-east-trade-news","tag-premium-content","tag-project-news","tag-tenders","tag-trade-arabia","tag-trade-news","tag-tradearabia"],"_links":{"self":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/9758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/comments?post=9758"}],"version-history":[{"count":0,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/9758\/revisions"}],"wp:attachment":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/media?parent=9758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/categories?post=9758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/tags?post=9758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}