Saturday 19 April 2014
 
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Saudi business activity hits 5-month low in March

Growth in Saudi Arabia's non-oil business activity slowed to a five-month low in March as expansion of new orders and output weakened, and employment fell slightly after 29 consecutive months of growth, a survey showed on Thursday.

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Factory unrest threatens bid to revive Egypt economy

Egypt's next president is likely to face a far more complex problem than cracking down on Islamists - meeting the demands of workers desperate for decent jobs and wages. While the authorities have cowed the Muslim Brotherhood

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Saudi non-oil sector posts solid growth in Feb

Saudi Arabia’s non-oil private sector companies recorded solid growth in February with output, new orders, and employment all continuing to rise, said a report. However, the growth rates were a little softer, said the S

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Global factory growth stumbles as demand falters

Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January's 2-1/2 year high. But while the surveys across Asia were mo

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National Food in deal for $408m factory

UAE’s National Food Products Company (NFPC) has signed an agreement for a Dh1.5 billion ($408 million) production facility in Khalifa Industrial Zone Abu Dhabi (Kizad), a report said. Known for brands such as Oasis, Blu, Mil

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Hempel opens new Saudi paints factory

Hempel Paints has opened its new decorative paints factory in Jeddah built at a cost of SR100 million ($26.7 million). Occupying an area of 7,500 sq m, Hempel’s first 100 per cent water-based factory in the Middle East, has

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US economy losing steam? Orders hit new low

US manufacturing activity slowed sharply in January on the back of the biggest drop in new orders in 33 years while construction spending barely rose in December, pointing to some loss of steam in the economy. Economists largely b

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Global manufacturers' order books swell

Manufacturers around the world enjoyed a solid start to the year as order books swelled, surveys showed on Monday, though a struggle for growth in China and a downturn in France took the shine off the overall picture. Euro zone fa

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Plastic recycling factory opens in Bahrain

A first of its kind plastic recycling factory has opened in Bahrain. Al Majid Recycling Plastic and Metal factory in Salmabad aims to reduce the amount of plastic dumped in Bahrain by 35 per cent, said a report in the Gulf Daily N

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Global factory activity hits 27-month high

Global manufacturing activity grew at its fastest pace in 27 months in September but factories failed to take on new staff to match the upturn, a business survey showed on Tuesday. JPMorgan's Global Manufacturing Purchasing Ma

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