The Riyad Bank Saudi Arabia Purchasing Managers’ Index surged to 59.0 last month from October’s 56.9
Saudi non-oil private sector
Latest in Saudi non-oil private sector
business confidence
Saudi Arabia tops G20 countries in January 2023 non-oil PMI
The January rise in PMI also marked the consecutive growth recorded by the country since September 2020
Abu Dhabi non-oil foreign trade
UAE’s non-oil foreign trade rises to $136 billion in Q1 2022 for the first time in the nation’s history
Gold topped the list of leading commodities in the UAE’s non-oil foreign trade, accounting for AED 84.4 billion or 17 percent of the country’s total non-oil foreign trade
business activities
Saudi business confidence dips amid inflation fears despite fastest economic expansion in a decade
Business confidence in future activity levels was down to a three-month low and one of the lowest ever recorded, indicating a marked degree of uncertainty over whether the current rate of output growth can be sustained, an economist at S&P Global said
Jadwa Investment
Covid-19 risks to Saudi economic growth now ‘limited’ as uncertainty diminishes
Jadwa Investment says Saudi Arabia’s economy will exhibit strong levels of growth nudging 8 percent in 2022
Business activity
Saudi’s non-oil economy maintained growth momentum in November
Businesses surveyed for the IHS Markit Saudi Arabia Purchasing Managers’ Index linked higher sales to a continued return to normal economic conditions and a boost to tourism from relaxed travel measures
diversify economy
Saudi non-oil growth fastest since 2015 as private sector heals
Non-oil gross domestic product expanded almost 3%, the fastest pace since 2015
Oil prices
Saudi Arabia’s business gauge slowed to five-month low in July
The kingdom has struggled to get its economy back on track since it contracted 0.7% in 2017
Emirates NBD Purchasing Managers Index
Saudi private sector growth hits 18-month high in June
Emirates NBD Purchasing Managers’ Index for Saudi Arabia rises to 57.4 in June, up from 57.3 in May and the highest since November 2017
business activities
Non-oil private sector growth in Saudi Arabia hits 17-month high
Prices charged for goods and services rise but job creation remains static
Bank of America Merrill Lynch
Saudi Arabia’s Q1 $7.4bn budget surplus ‘unlikely to last’
Bank of America Merrill Lynch research says budgetary outcomes ‘to deteriorate going forward’
non-oil sector
Saudi Arabia’s economy is starting to show more signs of life
While Saudi Arabia is the world’s biggest oil exporter, it’s the non-hydrocarbon sector that acts as the main engine of job creation
economic reforms
Saudi Arabia in talks with private sector over reform plan
Saudi officials are talking to businesses to see how the government can adjust its economic reform plan
Emirates NBD Purchasing Managers Index
Saudi private sector growth slows to 9-year low in 2018
Business optimism remains strong in Saudi Arabia for 2019, says Emirates NBD Purchasing Managers’ Index
Bahrain economy
Why the Gulf’s stability may come at expense of private sector
Moody’s research says governments will struggle to adequately accommodate the rapidly growing number of job-seekers in the Gulf
budget deficit
Saudi Arabia plans 10% increase in spending to spur economic growth
Despite efforts to expand the economy, growth will remain under 2.5 percent during the next three years
diversified economy
Saudi private sector growth ‘weakest on record’ so far in 2018
Emirates NBD survey shows that Saudi Arabia’s private sector is growing at slowest rate