Saudi Arabia’s non-oil revenue surpassed oil revenue in the third quarter of 2026 for the first time since 2020, highlighting progress in diversifying government income and strengthening the budget’s resilience to energy market volatility.
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Saudi Arabia’s non-oil private sector continued to expand in October, with business activity and output growth accelerating despite a decline in the Riyad Bank Purchasing Managers’ Index (PMI) to 54.0 from 55.3 in September, according to data compiled by S&P…
The UAE’s non-oil private sector continued expanding in October, with new orders picking up and businesses raising selling prices at a record pace to pass on higher operating costs.
Saudi Arabia’s non-oil private sector expanded for a seventh consecutive month in October, with output growth accelerating, although input cost inflation reached its highest level since June.
The UAE aims to plough billions of dollars into electricity generation, power networks and storage as it seeks to diversify its energy mix and strengthen supply security, energy minister Suhail Al Mazrouei said.
