Economy Middle East

PMI

OPEC highlights resilience of UAE non-oil economy amid strong PMI growth in June
Economy

OPEC highlights resilience of UAE non-oil economy amid strong PMI growth in June

The June PMI rose to 53.5, indicating ongoing expansion despite slight deceleration in momentum 

Middle East economic outlook shows robust growth driven by non-oil sector: OPEC
Economy

Middle East economic outlook shows robust growth driven by non-oil sector: OPEC

Travel and tourism surges are projected to continue, boosting demand for gasoline and diesel 

Kuwait’s non-oil PMI sees record employment growth amid increasing new orders
Economy

Kuwait’s non-oil PMI sees record employment growth amid increasing new orders

The S&P Global PMI fell to 53.1, indicating solid improvement in Kuwait's non-oil sector

Saudi Arabia’s non-oil PMI climbs to three-month high of 57.2 in June as hiring growth surges
Economy

Saudi Arabia’s non-oil PMI climbs to three-month high of 57.2 in June as hiring growth surges

Employment levels surged sharply, marking the fastest rate of job creation since May 2011 

UAE’s non-oil sector grows in June despite regional tensions impacting supply chains: PMI
Economy

UAE’s non-oil sector grows in June despite regional tensions impacting supply chains: PMI

The UAE's PMI rose from 53.3 in May to 53.5 in June, indicating a solid improvement in the sector's health

Rising food, education costs propel Saudi Arabia inflation to 2.3 percent in March
Economy

Rising food, education costs propel Saudi Arabia inflation to 2.3 percent in March

This increase marks the highest reading since July 2023

Egypt annual urban consumer price inflation rises to 13.6 percent in March
Economy

Egypt annual urban consumer price inflation rises to 13.6 percent in March

Country aims for $60 billion in foreign direct investment, $145 billion in exports

Saudi PMI shows resilience in non-oil private sector growth for March
Economy

Saudi PMI shows resilience in non-oil private sector growth for March

The pace of growth has moderated from January's near 14-year high 

UAE non-oil business sector growth declines in March – PMI
Economy

UAE non-oil business sector growth declines in March – PMI

UAE firms remain optimistic about future growth, supported by strong pipelines and national infrastructure development

Egypt’s construction sector thriving despite PMI mild contraction in March
Economy

Egypt’s construction sector thriving despite PMI mild contraction in March

The Purchasing Managers' Index fell to 49.2 from 50.1 in February 

Job creation in Saudi Arabia’s non-oil sector climbs to second-highest in over a decade: PMI
Economy

Job creation in Saudi Arabia’s non-oil sector climbs to second-highest in over a decade: PMI

Saudi Arabia's PMI recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in January

Egypt’s net international reserves surge to $47.26 billion in January
Banking & Finance

Egypt’s net international reserves surge to $47.26 billion in January

The reserves were recorded at $47.109 billion in December