Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth.
Growth in Saudi Arabia's non-oil business activity accelerated in December to a three-month high, a survey showed on Monday, while output growth rose at the fastest rate since April.
The seasonally adjusted SABB HSBC Saudi Ara
Asia's manufacturing sector ended 2013 on a strong note, with expansion hitting multi-year highs in export-driven Japan and Taiwan, but signs of moderation in China raises concerns about the outlook for the new year.
Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's key members.
As year-end approaches, the global econo
Du, a leading telecom provider in the UAE, has been named a Registered EDucation Provider (REP) by the Project Management Institute (PMI), the world’s largest project management member association.
REPs are organisations tha
Business activity growth in the UAE’s non-oil private sector slowed slightly in October from a 29-month high in the previous month, while growth in Saudi Arabian non-oil business activity slowed to its weakest rate for three months.
Business surveys on Thursday suggested the world economy was on the mend, with US and Chinese manufacturing activity at multi-month highs and better-than-expected growth in the euro zone.
The data should bolster the case for the F
Overall operating conditions in Saudi Arabia’s non-oil private sector improved in July with increased output, but the rate of expansion decelerated for the third month running, a report said.
Nevertheless, the overall expans
While the UAE's non-oil producing private sector reported the fastest rise in employment levels in two years and a further boost in output levels during April, the rate of increase in new orders eased to the slowest in a year, a report said.
Brent crude futures slipped towards $102 a barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the world's second-biggest oil consumer and the dollar weighed on commodity markets.