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Posts filtered by tags: David Owen[x]


 

#Dubai Business Growth Back to Pre-Covid Path as Vaccines Pay Off - Bloomberg

Dubai Business Growth Back to Pre-Covid Path as Vaccines Pay Off - Bloomberg Business activity in Dubai rose to the highest level since late 2019 after a rebound in tourism and a fast distribution of coronavirus vaccines.The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit. Its Purchasing Managers’ Index for the Middle East’s main business hub rose to 53.5 from 51 in March, staying above the 50-mark that separates growth from contraction and sign...
Tags: Travel, Bloomberg, Middle East, Dubai, David Owen, Bloomberg Business, IHS, Rupert Neil Bumfrey, IHS Markit


#UAE non-oil private sector keeps growing in April - PMI | Reuters

UAE non-oil private sector keeps growing in April - PMI | Reuters Business conditions in the United Arab Emirates non-oil private sector continued to improve in April, with new business growth reaching a 20-month high, a survey showed on Tuesday, as the Gulf state's economy recovers from the COVID-19 pandemic.The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, edged up to 52.7 in April from 52.6 in March.This was its highest level s...
Tags: Travel, United Arab Emirates, Uae, Gulf, Reuters, David Owen, Reuters Business, Rupert Neil Bumfrey, IHS Markit, COVID


#Saudi Private-Sector Employment Rises for First Time This Year - Bloomberg

Saudi Private-Sector Employment Rises for First Time This Year - Bloomberg Business conditions in Saudi Arabia improved at the fastest pace in three months as firms increased their headcount for the first time this year.“The Saudi Arabia PMI rebounded in April to indicate a strengthening of growth across the non-oil economy,” said David Owen, economist at IHS Markit. Non-oil private sector activity grew for an eighth consecutive month and the kingdom’s Purchasing Managers’ Index rose to 55.2 l...
Tags: Travel, Saudi Arabia, Bloomberg, United Arab Emirates, Owen, David Owen, Bloomberg Business, Rupert Neil Bumfrey, IHS Markit Non


#Dubai Business Activity Flat as Supply Shortages, Tourism Weigh - Bloomberg

Dubai Business Activity Flat as Supply Shortages, Tourism Weigh - BloombergBusiness conditions in Dubai remained flat last month even as the Middle East’s business hub showed signs of recovery from the pandemic.“Global supply difficulties washed up on Dubai’s shores in March,” wrote David Owen, economist at IHS Markit. “This will constrain profit margins as competitive pressures and efforts to aid the recovery in demand led firms to lower output charges.”IHS Markit’s Purchasing Managers’ Index r...
Tags: Travel, Bloomberg, Middle East, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit


#Saudi non-oil private sector keeps up steady growth in March - PMI | Reuters

Saudi non-oil private sector keeps up steady growth in March - PMI | ReutersSaudi Arabia’s non-oil private sector grew for the seventh straight month in March, albeit at a slower pace, with output and new orders expanding more moderately than a month earlier, a survey showed on Monday.The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) fell slightly to 53.3 in March from 53.9 in February, remaining above the 50 mark that separates expansion from contraction.The overa...
Tags: Travel, Reuters, David Owen, Rupert Neil Bumfrey, IHS Markit, IHS Markit Saudi Arabia


#UAE March non-oil private sector growth climbs to 20-month high - PMI | Reuters

UAE March non-oil private sector growth climbs to 20-month high - PMI | ReutersThe United Arab Emirates’ non-oil private sector grew in March at the fastest pace since July 2019, boosted by new business and a sharp rise in the construction sector, a survey showed on Monday.The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, rose to 52.6 in March from 50.6 in February, hitting a 20-month high and indicating a solid upturn in business c...
Tags: Travel, Reuters, David Owen, Rupert Neil Bumfrey, IHS Markit, IHS Markit UAE, ReutersThe United Arab Emirates


#Saudi, #UAE Business Activity Slows as Virus Cases Rise - Bloomberg

Saudi, UAE Business Activity Slows as Virus Cases Rise - Bloomberg Business conditions in the Arab world’s two largest economies improved at a slower pace in February as coronavirus cases crept up and employment figures dipped.Weaker demand, faltering sentiment and job cuts weighed on non-oil private sector activity in the United Arab Emirates and neighboring Saudi Arabia according to Purchasing Managers’ Indexes compiled by IHS Markit. The overall benchmarks remained above the 50 mark that sepa...
Tags: Travel, Saudi Arabia, Bloomberg, United Arab Emirates, Uae, David Owen, Bloomberg Business, IHS, Rupert Neil Bumfrey, Firms


#Dubai Business Activity Barely Grows With Restrictions Reimposed - Bloomberg

Dubai Business Activity Barely Grows With Restrictions Reimposed - Bloomberg Non-oil companies in Dubai increased output for the second month in a row in January but the uptick was marginal in the emirate where authorities have reimposed some restrictive measures imposed to curb the spread of Covid-19.The non-oil private sector economy in the Middle East’s business hub improved fractionally last month, according to IHS Markit. While its Purchasing Managers’ Index fell to 50.6 in January from 51 ...
Tags: Travel, Middle East, Dubai, Uae, David Owen, Rupert Neil Bumfrey, IHS Markit


#UAE non-oil private sector mild growth unchanged in January -PMI | Reuters

UAE non-oil private sector mild growth unchanged in January -PMI | Reuters Mild growth in the United Arab Emirates’ non-oil private sector was unchanged in January as business activity grew solidly and employment increased for the first time in over a year, although sales growth weakened, a survey showed on Wednesday.The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, was at 51.2 in January, steady from December when it rose above the...
Tags: Travel, United Arab Emirates, Uae, Reuters, David Owen, Rupert Neil Bumfrey, IHS Markit UAE, IHS Markit Output, Reuters Mild


#Saudi non-oil private sector continues solid growth in January -PMI | Reuters

Saudi non-oil private sector continues solid growth in January -PMI | Reuters Saudi Arabia’s non-oil private sector grew strongly in January, its fifth straight month of expansion, as output soared and firms were hopeful of a substantial economic recovery, a survey showed on Wednesday.The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose slightly to 57.1 in January from 57.0 in December. The 50.0 mark separates growth from contraction.The January and December read...
Tags: Travel, Reuters, David Owen, Reuters Saudi Arabia, Rupert Neil Bumfrey, IHS Markit, IHS Markit Saudi Arabia


#UAE Job Market Improves as Vaccine Rollout Boosts Confidence - Bloomberg

UAE Job Market Improves as Vaccine Rollout Boosts Confidence - Bloomberg Business activity in the Arab world’s two largest economies improved at the start of 2021, with the United Arab Emirates seeing growth in its job market for the first time in over a year.Non-oil private sector activity in Saudi Arabia soared during January as new work levels increased and operating conditions improved marginally in neighboring UAE, helped by an expansion in new orders and output.Purchasing Managers’ Index s...
Tags: Travel, Saudi Arabia, Bloomberg, United Arab Emirates, Uae, Gulf, David Owen, Rupert Neil Bumfrey, IHS Markit


#Dubai non-oil sector returns to modest growth in December - PMI | Reuters

Dubai non-oil sector returns to modest growth in December - PMI | Reuters Dubai’s non-oil sector returned to growth in December, but the expansion was modest as employment fell and sentiment for the new year was subdued, a survey showed on Monday.The seasonally adjusted IHS Markit Dubai Purchasing Managers’ Index (PMI) rose to 51 in December from 49 in November, rising above the 50-mark that separates growth from contraction for the first time since September.“An increase in output and new order...
Tags: Travel, Middle East, Dubai, Reuters, David Owen, Rupert Neil Bumfrey, Reuters Dubai, IHS Markit, IHS Markit Dubai


#Saudi, #UAE Business Conditions Improve, Though Employment Falls - Bloomberg

Saudi, UAE Business Conditions Improve, Though Employment Falls - Bloomberg Business activity in the Arab world’s two largest economies improved at the end of last year, with Saudi Arabia seeing its strongest expansion in 13 months.After 2020 setbacks caused by the spread of Covid-19 and lower crude prices, non-oil private sector economies in the United Arab Emirates and neighboring Saudi Arabia still faced job losses as firms adjusted to the challenges of the global pandemic.Purchasing Managers...
Tags: Travel, Saudi Arabia, United Arab Emirates, Gulf, David Owen, Bloomberg Business, Rupert Neil Bumfrey, IHS Markit


#UAE News: #Dubai Business Conditions Worsen as Pandemic Weighs on Demand - Bloomberg

UAE News: Dubai Business Conditions Worsen as Pandemic Weighs on Demand - Bloomberg Business activity in Dubai dropped for a second month in November as the coronavirus pandemic continued to weigh on demand.The non-oil private sector economy in the Middle East’s business hub deteriorated last month to the lowest since May, according to IHS Markit. Its Purchasing Managers’ Index dipped to 49 from 49.9 in October, falling further below the 50 mark that separates growth from contraction.Employment ...
Tags: Travel, Bloomberg, Middle East, Dubai, David Owen, Bloomberg Business, IHS, Rupert Neil Bumfrey, IHS Markit, Dubai Business Conditions Worsen


#UAE Business Conditions Worsen for Second Straight Month - Bloomberg

UAE Business Conditions Worsen for Second Straight Month - Bloomberg:  Business conditions in the United Arab Emirates deteriorated for a second straight month in November amid subdued demand.Non-oil private sector activity in the Gulf nation worsened last month partly due to the first decline in output since May, weak market conditions and lower customer numbers, according to IHS Markit. Its Purchasing Managers’ Index was unchanged from October at 49.5, staying below the 50 mark that separates ...
Tags: Travel, Europe, United Arab Emirates, Uae, Gulf, David Owen, IHS, Rupert Neil Bumfrey, IHS Markit


#Dubai Business Conditions Sour, Reversing Third-Quarter Gains - Bloomberg

Dubai Business Conditions Sour, Reversing Third-Quarter Gains - Bloomberg Business conditions in Dubai dropped to the lowest levels since May amid a spike in coronavirus cases that threatens the city’s economic recovery.Non-oil private sector activity in the Middle East’s business hub slowed from levels seen during the third quarter of the year, according to IHS Markit. Its Purchasing Managers’ Index dipped to 49.9 last month from 51.5 in September, falling below the 50 mark that separates contr...
Tags: Travel, Bloomberg, Middle East, Dubai, David Owen, Bloomberg Business, IHS, Rupert Neil Bumfrey, IHS Markit, COVID


#UAE non-oil private sector shrinks for second time in three months | Reuters

UAE non-oil private sector shrinks for second time in three months | Reuters The United Arab Emirates’ non-oil private sector slipped back into contraction in October for the second time in three months, a survey showed on Tuesday, stunting the country’s economic recovery from the coronavirus pandemic.The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, fell to 49.5 in October from 51.0 in September, slipping below the 50.0 mark that s...
Tags: Travel, United Arab Emirates, Uae, Reuters, David Owen, Rupert Neil Bumfrey, IHS Markit, IHS Markit UAE


#UAE News: #Dubai Business Conditions Improve as Coronavirus Cases Spike - Bloomberg

UAE News: Dubai Business Conditions Improve as Coronavirus Cases Spike - Bloomberg:Business conditions in Dubai improved for the third straight month in September even as a renewed spike in coronavirus cases poses a threat to the city’s recovery.Non-oil private sector activity in the Middle East’s business hub fared better amid a rise in activity and new business, according to IHS Markit. Its Purchasing Managers’ Index rose to 51.5 last month from 50.9 in August, remaining above the 50 mark that...
Tags: Travel, Opec, Middle East, United Arab Emirates, Dubai, David Owen, IHS, Rupert Neil Bumfrey, IHS Markit


#Saudi non-oil private sector back to growth for first time since Feb - PMI | Reuters

Saudi non-oil private sector back to growth for first time since Feb - PMI | Reuters:Saudi Arabia’s non-oil private sector returned to growth in September for the first time in seven months, a survey showed on Monday, amid stronger demand after a loosening of lockdown measures imposed to stem the spread of the coronavirus.The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose to 50.7 from 48.8 in August, going above the 50 mark that separates growth from contractio...
Tags: Travel, Saudi Arabia, Reuters, David Owen, Rupert Neil Bumfrey, IHS Markit, IHS Markit Saudi Arabia


#Dubai Recovery Intact But Momentum Slows and Job Cuts Get Worse - Bloomberg

Dubai Recovery Intact But Momentum Slows and Job Cuts Get Worse - Bloomberg:Dubai businesses sustained a recovery from the global pandemic even as they cut jobs at a faster rate and growth in demand slowed.A measure of non-oil private sector activity in the Middle East’s commercial hub dropped last month for the first time since April but remained above the 50 mark that separates growth from contraction, according to IHS Markit’s Purchasing Managers’ Index. Workforce numbers declined for a sixth...
Tags: Travel, Bloomberg, Middle East, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit, Index Workforce


#Dubai non-oil private sector growth slows in August: PMI - Reuters

Dubai non-oil private sector growth slows in August: PMI - Reuters:Dubai’s non-oil private sector expanded marginally in August, its second straight month of growth, though at a slower pace than in July, while weak demand led to a sixth month of job cuts, a survey showed on Wednesday.The seasonally adjusted IHS Markit Dubai Purchasing Managers’ Index (PMI) fell to 50.9 in August from 51.7 in July, slightly above the mark that separates growth from contraction.In June the index was at 50.0, emerg...
Tags: Travel, Dubai, David Owen, PMI, Rupert Neil Bumfrey, IHS Markit, PMI Reuters, IHS Markit Dubai Purchasing Managers ' Index PMI


#Dubai Businesses Return to Growth First Time Since Virus Struck - Bloomberg

Dubai Businesses Return to Growth First Time Since Virus Struck - Bloomberg:Dubai’s non-oil economy expanded in July for the first time since its downturn began when the coronavirus pandemic upended travel and commerce.Accompanying the improvement, however, were continuing job losses and a weaker outlook among businesses, according to IHS Markit. Its Dubai Purchasing Managers’ Index rose to 51.7 last month, climbing from June’s mark of 50 that separates growth from contraction.  “July PMI dat...
Tags: Travel, Bloomberg, Middle East, United Arab Emirates, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit


#Dubai Business Conditions Improve as City Emerges From Lockdown - Bloomberg

Dubai Business Conditions Improve as City Emerges From Lockdown - Bloomberg:Business conditions in Dubai showed signs of picking up in June as the city reopens after a lockdown to contain the spread of the coronavirus.Non-oil private sector activity in the Middle East’s business hub improved for the first time since February, according to IHS Markit’s Purchasing Managers’ Index. The gauge rose from 46 in May to 50 last month -- the mark that separates contraction from growth.“Business activity w...
Tags: Travel, Middle East, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit, Lockdown Bloomberg


#UAE non-oil private sector jumps back to growth in June - PMI - Reuters

UAE non-oil private sector jumps back to growth in June - PMI - Reuters:The United Arab Emirates (UAE) non-oil private sector grew in June for the first time this year, emerging from months of contraction as coronavirus restrictions were lifted, a survey showed on Sunday.The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, rose to 50.4 in June from 46.7 in May, edging above the 50.0 mark that separates expansion from contraction.“At 50...
Tags: Travel, Uae, Reuters, United Arab Emirates UAE, David Owen, Rupert Neil Bumfrey, IHS Markit UAE, IHS Markit Output


#Dubai's economy starting to heal, as business conditions bounce back - Arabianbusiness

Dubai's economy starting to heal, as business conditions bounce back - Arabianbusiness:A gauge of business conditions in Dubai bounced back to the highest since the coronavirus pandemic dragged the economy into a downturn, even as weak demand still stands in the way of a recovery.The IHS Markit Dubai Purchasing Managers’ Index rose to 46 in May from a record low 41.7 in April, remaining below the 50 mark that separates contraction from growth.Thanks to a relaxation of lockdown measures, output a...
Tags: Travel, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit, IHS Markit Dubai


#Dubai’s Economy Starting to Heal, Still ‘Long Way From Recovery’ - Bloomberg

Dubai’s Economy Starting to Heal, Still ‘Long Way From Recovery’ - Bloomberg:A gauge of business conditions in Dubai bounced back to the highest since the coronavirus pandemic dragged the economy into a downturn, even as weak demand still stands in the way of a recovery.The IHS Markit Dubai Purchasing Managers’ Index rose to 46 in May from a record low 41.7 in April, remaining below the 50 mark that separates contraction from growth. Thanks to a relaxation of lockdown measures, output and new or...
Tags: Travel, Bloomberg, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit, IHS Markit Dubai


#UAE News: Economy Crashes Along With #SaudiArabia, Egypt - Bloomberg

UAE News: Economy Crashes Along With Saudi Arabia, Egypt - Bloomberg:Business conditions in the Arab world’s three largest economies deteriorated further last month amid shutdowns from the coronavirus and a plunge in commodity prices.Non-oil private sector activity collapsed at an unprecedented pace in Egypt and suffered another record setback in the United Arab Emirates, according to Purchasing Managers’ Index surveys compiled by IHS Markit. Business conditions in Saudi Arabia also remained bel...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, David Owen, Saudi Arabia Egypt, Rupert Neil Bumfrey, IHS Markit, Egypt Bloomberg, IHS Markit Business


#UAE non-oil private sector hits second consecutive record low: PMI - Reuters

UAE non-oil private sector hits second consecutive record low: PMI - Reuters:The United Arab Emirates’ (UAE) non-oil private sector shrank at a record rate for the second month running in April, as lockdown measures to fight the coronavirus pandemic piled pressure on an already sluggish economy.The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, fell to 44.1 in April from 45.2 in March. The 50.0 mark separates expansion from contracti...
Tags: Travel, United Arab Emirates, Uae, David Owen, Rupert Neil Bumfrey, IHS Markit, PMI Reuters, IHS Markit UAE


RPT-Coronavirus hits already sluggish #UAE non-oil private sector in March - PMI - Reuters

RPT-Coronavirus hits already sluggish UAE non-oil private sector in March - PMI - Reuters:The coronavirus pandemic in March accelerated the downturn in an already sluggish non-oil private sector in the United Arab Emirates (UAE), bringing business conditions there to their weakest level on record, a survey showed on Sunday.The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, fell to 45.2 in March from 49.1 in February. Readings above 5...
Tags: Travel, United Arab Emirates UAE, David Owen, Rupert Neil Bumfrey, IHS Markit, PMI Reuters, IHS Markit UAE


#UAE News: #Dubai’s Jobs Vanish at the Fastest Pace in a Decade - Bloomberg

UAE News: Dubai’s Jobs Vanish at the Fastest Pace in a Decade - Bloomberg:Business growth in Dubai stalled while jobs disappeared at the fastest pace in at least a decade in the latest signs of strain on the Middle East’s commercial hub.Operating conditions in Dubai’s non-oil private sector worsened in January for a third straight month to the lowest level in nearly four years, according to IHS Markit. Its Purchasing Managers’ Index dropped to 50.6, barely above the threshold that separates grow...
Tags: Travel, Bloomberg, Middle East, United Arab Emirates, Dubai, Emirates NBD, David Owen, IHS, Rupert Neil Bumfrey, IHS Markit



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