Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Saudi non-oil private sector grows fastest in seven years in September: IHS

The relaxation of the Covid pandemic restrictions boosted customer demand, the latest IHS Markit report said.
By TRENDS Desk
October 5, 2021 5:27 pm
  • The relaxation of the regulations boosted customer demand, the latest IHS Markit report said, helping businesses expand their output
  • The seasonally adjusted Purchasing Managers’ Index (PMI) surged to 58.6 in September from 54.1 in August

There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.

The relaxation of the Covid pandemic restrictions boosted customer demand, the latest IHS Markit report said, helping businesses expand their output.

The seasonally adjusted Purchasing Managers’ Index (PMI) surged to 58.6 in September from 54.1 in August. This 4.5 gain was the strongest improvement in the Kingdom’s non-oil sector since August 2015.

“After two successive falls, the latest reading showed that the economic recovery has stamina, and the relaxation of pandemic measures will release new waves of demand,” David Owen, an economist at London-based intel firm, said.

 

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]