RIYADH: UAE non-oil companies recorded their fastest increase in new orders in nearly two years in January, signaling strengthening private-sector demand, an economic tracker showed. According to the latest Purchasing Managers’ Index report released by S&P Global, the Emirates’ PMI reached an 11-month high of 54.9 in January, up from 54.2 in December. Any PMI reading above 50 indicates expansion in non-oil business activity, while a reading below 50 signals contraction.

RIYADH: Kuwait’s non-oil private sector continued to expand in January, supported by strong gains in output and new orders, while Egypt’s business conditions weakened slightly…

RIYADH: Saudi Arabia’s non-oil business activity continued to expand at a robust pace in January, driven by output growth, improving market conditions and stronger client…

RIYADH: UAE non-oil companies recorded their fastest increase in new orders in nearly two years in January, signaling strengthening private-sector demand, an economic tracker…