Latest news and articles about non-oil sector from NEX English
Reports indicate a significant decline in non-oil business conditions in Saudi Arabia last month, marking the first drop since August 2020. This downturn comes as the Kingdom seeks to diversify its economy away from oil dependency.
Reports indicate that Saudi Arabia's non-oil sector experienced a significant contraction in March 2023, driven by pressures from ongoing regional crises. This contraction highlights the economic challenges facing the Kingdom under current conditions.
Data from Jakarta's statistics agency reveals that the city's exports in February 2026 reached <strong>$1.35 billion</strong>, marking a <strong>10.55%</strong> decrease compared to the same month last year. This decline is attributed to a drop in non-oil sector exports.