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UAE’s non-oil job, output levels surgeWhile 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. More… |
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Brent weakens towards $102Brent 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. China's More… |
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Struggling factories underline fragility of world growthManufacturing across the world stumbled last month, underlining the fragility of the global economy and building the case for more action from leading central banks. Gloomy purchasing managers indexes - surveys of factory activity More… |
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Saudi non-oil activity surges in MarchSaudi Arabia’s non-oil producing private sector companies have reported solid growth in their output in March for the second successive month boosted by increased new business, said a report. The March data signalled a furth More… |
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Saudi non-oil activity edges down in JanThe healthy growth rate of business activity in Saudi Arabia's non-oil private sector eased slightly in January, a survey showed on Monday. The SABB HSBC Saudi Arabia Purchasing Managers' Index slipped to a seasonally adju More… |
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Lower oil income may force Saudi to cut growth spendSaudi policy makers can look forward to a promising year ahead, with only a few clouds to unsettle a generally rosy economic outlook. Age and ill-health issues affecting the senior leadership, and the ensuing uncertainties over th More… |
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Euro zone factory slump deepens but Asia perks upEuro zone factories sank deeper into recession in December as new orders tumbled, business surveys showed on Wednesday, a sharp contrast to continuing signs of revival in China. US manufacturing reports, to be released later in th More… |
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GCC exports to China hit $7bn in OctExports from the GCC countries to China rose to $7.1 billion in October from a yearly low of $4.9 billion in August, marking a 45.6 per cent increase in just one quarter, a report said. Growth expectations in the Chinese economy s More… |
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Europe's economies risk more shrinking by year-endThe fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, surveys showed on Tuesday. Purchasing managers indexes (PMIs), which g More… |
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UAE business activity up; exports downBusiness activity in the UAE's non-oil private sector edged up slightly in July from the previous month, but the growth of export orders fell sharply, a purchasing managers' survey showed on Sunday. The HSB More… |
