According to PwC, the non-oil growth outturn for 2024 is encouraging at 4 per cent in UAE, 3.7 per cent in Saudi, 3.8 per cent in Oman and 4.7 per cent in Kuwait
The seasonally adjusted S&P Global UAE PMI dropped to 55.3 in April, the lowest reading since August 2023, and further eased from 56.9 in March
Both the Riyad Bank Saudi Arabia PMI and the S&P Global UAE PMI remained way above the 50-mark that separates growth from contraction
Business optimism and expectations for future activity growth hit its highest since February 2020
The country’s non-oil sector grew by 6.2 per cent in 2022, the highest growth rate recorded over the past ten years
Its Purchasing Managers’ Index rose to 51.5 in September from 50.9 in August