The King Abdulaziz Port in Dammam, Saudi Arabia. Reuters
Non-oil trade between Saudi Arabia and Bahrain increased 43 per cent to $688.4 million during the third quarter (Q3) of 2020 compared to $481 million during Q3 of 2019.
Overall business conditions in Dubai’s non-oil private sector economy improved at the fastest rate in over four years in April. This mainly reflected the trend in new business, as employment was broadly unchanged during the month. Notably, business conditions in the wholesale & retail sector
The manufacturing sector’s contribution to the UAE’s non-oil GDP grew 2.5 per cent to Dhs122 billion in real prices in 2018 from Dhs119.7 billion in 2017,
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.
Amazon.com has opened its first-ever physical store outside the United States, which is expected to create a new trend in the British retailing sector.
The US employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.