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Saudi Arabia's Private Sector Soars Amid UAE Decline

7/4/2025

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Summary

Story summary

Saudi Arabia's non-oil private sector is thriving, with the PMI soaring to 57.2 in June, signaling the strongest employment surge since May 2011. In stark contrast, the UAE faces challenges as regional tensions lead to a sharp decline in demand, with new orders plummeting to a 45-month low, according to S&P Global.

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Story summary

Saudi Arabia's non-oil private sector is thriving, with the PMI soaring to 57.2 in June, signaling the strongest employment surge since May 2011. In stark contrast, the UAE faces challenges as regional tensions lead to a sharp decline in demand, with new orders plummeting to a 45-month low, according to S&P Global.