Geopolitical Tensions, Coronavirus Weaken Gulf’s Non-Oil Private Companies

  • Date: 05-Feb-2020
  • Source: Al Bawaba
  • Sector:Oil & Gas
  • Country:Egypt
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Geopolitical Tensions, Coronavirus Weaken Gulf’s Non-Oil Private Companies

Egypt meanwhile remains in the doldrums with a 46.0 OMI reading in January, the lowest level since early 2017.. The UAE's Purchasing Managers' Index shifted into contraction territory in January, the first time since August 2009.. The UAE's PMI meanwhile shifted into contraction territory in January, the first time since August 2009, slipping to 49.3 as new orders and employment declined on average compared to December..