Non-oil gross domestic product gains 5% in Q4 while the oil economy grows by 10.8%
IHS Markit
Latest in IHS Markit
Coronavirus Pandemic
UAE, Saudi business conditions lose momentum as Covid-19 weighs
Latest IHS Markit data shows firms in the UAE’s non-oil sector faced the quickest increase in cost pressures in the past 10 months
G-20
Reasons to be cheerful about the Saudi economy amid pandemic gloom
IHS Markit forecasts that Saudi Arabia will see 11% growth in Q4, the best performance of all G-20 countries
IHS Markit
Saudi non-oil private sector growth quickens to seven-year high
IHS Markit says employment figures saw only a marginal uplift in September but the pace of job creation was the fastest since June
Federal Reserve
Oil dips after three-day rally with Covid still clouding outlook
Shrinking US stockpiles, a rebound in Indian demand and China’s containment of its latest outbreak are providing some positive signs for the market
Economy
UAE business conditions at two-year high as virus woes ease
IHS Markit’s PMI Index for the country in July increased to the highest level since 2019
covid-19
Oil edges higher as investors assess demand amid delta spread
While headwinds are mounting, there are expectations that the market with continue to tighten throughout 2021
IHS Markit
UAE sees first job market growth for a year amid Covid economic rebound
Business activity in both the UAE and Saudi economies improved at the start of 2021,, according to IHS Markit
deflation
Dubai closer to ending deflation amid business slowdown
IHS Markit’s Dubai Purchasing Managers’ Index drops to its lowest level in more than three years in August
Abu Dhabi economy
UAE business conditions fall to 8-year low in August
IHS Markit’s Purchasing Managers’ Index says heightened market competition continued to weigh on growth