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qatar's non-oil sector growth slows while uae and kuwait expand
Qatar's non-oil private sector growth slowed in April, with the PMI dropping to 50.7, reflecting a decline in new business and slower employment growth. Despite this, optimism remains for future growth driven by real estate, infrastructure, and tourism. Meanwhile, Kuwait's non-oil sector experienced significant expansion, with a PMI rise to 54.2, fueled by strong new orders and competitive pricing strategies.
kuwait and egypt non-oil sectors show growth amid cautious outlook
Kuwait and Egypt's non-oil private sectors showed growth in February, with Kuwait's PMI at 51.6 and Egypt's at 50.1, indicating expansion. Despite positive trends, concerns arose over job cuts and cautious business confidence, particularly in Egypt, where firms faced challenges in hiring and retaining staff.