Saudi Arabia’s non-oil private sector is experiencing significant growth, driven primarily by local demand and strong hiring trends, according to recent data released by Riyad Bank and S&P Global. The purchasing managers’ index (PMI) rose to 57.2 in June, surpassing the figure from May and the long-term average, indicating favorable business conditions. This growth is...
Khalifa Economic Zones Abu Dhabi Group (Kezad), recognized as the largest operator of integrated economic zones in the UAE, is set to create a new commercial hub aimed at drawing more global investors to the emirate. The new Kezad Business District (KBD) will be located in Al Ma’mourah and is designed as an integrated mixed-use...
The S&P Global United Arab Emirates Purchasing Managers’ Index (PMI) fell to 53.3 in May 2025, down from 54 in both March and April. This decline marks the lowest level recorded since September 2021, indicating a slowdown in the growth of the non-oil private sector. Despite this moderation, companies continued to experience strong client demand....
Hiring in the United Arab Emirates (UAE) and Saudi Arabia has seen significant increases, driven by the growth of the non-oil economy. In April, job creation in the UAE reached its fastest pace in 11 months, indicating a robust demand for workers as the economy diversifies away from oil dependency. In Saudi Arabia, staffing levels...