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flag Saudi and Kuwaiti non-oil sectors grew in February, but rising costs and regional tensions disrupted energy markets.

flag Saudi Arabia’s non-oil private sector expanded in February, with the Riyad Bank PMI at 56.1, slightly down from January but still above the 50 threshold. flag Growth was driven by strong domestic demand and new project approvals, though staff cost inflation hit a record high since 2009. flag Regional tensions, including Iran’s strikes and a Strait of Hormuz attack, disrupted shipping, spiked oil prices above $82 a barrel, and caused LNG export halts, raising global energy concerns. flag Kuwait’s non-oil sector saw its strongest growth in 15 months, with the PMI rising to 54.5, fueled by rising orders, improved supplier delivery times, and high business confidence, though input costs climbed and backlogs grew.

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