Report: Private sectors in UAE, Egyptian, Saudi economies suffer dramatic losses
IHS Markit, a global information provider, shows how the private sector has suffered major blows in the UAE, Egypt and Saudi Arabia.
The non-oil private sector outputs of three Middle Eastern countries dropped to their lowest points in years because of COVID-19, a global information services provider said today. The region is now starting to come out of its coronavirus-related lockdowns.
IHS Markit's Purchasing Managers’ Index for the United Arab Emirates, Saudi Arabia and Egypt, released today, is a measure of economic activity based on a survey of business executives in non-oil sectors. It is based on purchases, employment, staff costs, orders, delivery times, construction, exports and an array of other factors.
