Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...
Saudi non-oil private sector records growth in November
The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest price pressures for businesses, but lower growth of new orders meant it was the least marked expansion since August.
Dubai non-oil economy surges to two-year high in October
Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity at the start of Expo 2020. The seasonally adjusted IHS Markit Dubai Purchasing Managers' Index climbed to 54.5 in October, from 51.5 in September, marking the sharpest improvement in business...
Saudi output growth dips to weakest level in 10 months
Saudi Arabia’s output growth dipped to the weakest level for ten months amid a slowdown in new business gains.
UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would help to improve economic conditions in the Gulf country.
PMI: Saudi non-oil economy expands but challenges ahead
PMI falls for the first time in four months in July. The downgrade driven by weaker growth in output, new orders and employment.
Dubai property booms as wealthy buyers escape lockdowns
Credit goes to recent government reforms, attractive mortgage rates, a shift in demand due to Covid-19
