Abu Dhabi Police has called on drivers to be careful and use alternative routes
uae11 hours ago
Dubai — Business activity growth in the UAE’s non-oil private sector picked up slightly in April, a corporate survey showed on Tuesday.
The seasonally-adjusted HSBC UAE Purchasing Managers’ Index, which covers manufacturing and services, edged up to 56.8 points last month from 56.3 in March, which was a 17-month low. The 50-point level separates growth from contraction in the survey of 400 firms.
“The UAE’s non-oil private economy began the second quarter of 2015 on a positive note, with business conditions improving at a faster pace in April,” said Philip Leake, economist at data compiler Markit.
Output, new orders and employment all rose more quickly during the month, with the output index climbing to 62.0 points from 60.7, and new orders edging up to 62.1 from 61.6.
Companies, however, were unable to raise the prices they charge while their input costs increased. The output price index was flat at 49.2 in April, while the input price index jumped above the 50 mark to 52.3 points from 49.3.
Saudi Arabia, Egypt
Growth in Saudi Arabia’s non-oil private sector slowed to a three-month low in April.
The seasonally-adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index dropped to 58.3 points from 60.1 in March.
Output growth slowed sharply to 64.2 points from 67.6, though it remained fast in absolute terms, while new order growth fell less steeply to 65.9 from 67.3. Employment continued to increase but at a slower pace.
Business activity in Egypt’s private sector, excluding oil, came close to stabilising in April after a three-month contraction, as new orders rose, a survey showed on Tuesday.
The HSBC Egypt Purchasing Managers Index edged up to 49.8 in April, almost touching the 50 mark, above which signals growth in activity. The index rose from 49.6 in March.
Employment fell for the fifth straight month, with some companies saying staff had left to seek better opportunities or to take up their pensions.
New orders, however, increased for the second consecutive month and survey respondents said that reflected a more stable environment.
Abu Dhabi Police has called on drivers to be careful and use alternative routes
uae11 hours ago
Official says the bomb blast happened after a militant group demanded extortion money from the group that runs the school
world12 hours ago
He accuses sports bodies of not allowing Russian athletes to perform at the games with the country's banner, flag and national anthem
world12 hours ago
Renowned media and marketing professional to spearhead strategic growth and development initiatives for Dugasta Properties in Dubai
kt network13 hours ago
'Last night, the Israel Defence Forces (army) rescued the bodies of our hostages,' a military spokesman said
mena13 hours ago
TikTok spokesperson says it never shared Canadian user data with the Chinese government
tech13 hours ago
Public asked to increase cyber awareness to protect themselves from falling preys and losing data
uae14 hours ago
The incident occurred when around 180 passengers were onboard; inquiry launched
world14 hours ago