UAE, Saudi business conditions lose momentum as Covid-19 weighs – ArabianBusiness.com
UAE, Saudi business conditions lose momentum as Covid-19 weighs – ArabianBusiness.com
Business conditions in the UAE and Saudi Arabia rose in January at a lower rate as Covid-19 cases increased, hindering demand.
Conditions in Egypt, however, deteriorated for a 14th consecutive month to the lowest reading since April 2021, according to a Purchasing Managers Index compiled by IHS Markit.
The index for the UAE fell to 54.1 in January from 55.6 at the end of last year, but remained above the 50 mark that separates growth from contraction.
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