Egypt's PMI signals economy may be on mend after devaluation
Cairo - MENA
Economic activity for Egypt’s non-oil private sector accelerated the most since 2014, a sign that growth may be recovering after authorities abandoned currency controls and secured a $12 billion IMF loan deal, Bloomberg said on Sinday.
The Emirates NBD Purchasing Managers’ Index (PMI) for the whole economy climbed for the third month in a row to 46.7 in February from 43.3 in January. The New Orders sub-index rose to 44 from 39.2.
While readings below 50 indicate the economy is still in contraction, the magnitude of the gain signals an improvement in business confidence three months after Egyptian policy makers floated the pound to ease a crippling dollar shortage.
Authorities have also cited rising dollar inflows in the banking system and an influx of foreign investments in government debt as other signs the reform plan is working.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in January
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:52 2016 Friday ,12 August
Pakistan approves controversial cybercrime law
GMT 18:41 2017 Monday ,10 April
Yemen announces reopening of Al-Mokha port
GMT 00:50 2017 Tuesday ,01 August
Egyptian President concludes state visit to Kuwait
GMT 19:00 2015 Friday ,27 November
21 suspected suicide killed in Tirah air strikes
GMT 00:10 2017 Thursday ,09 March
Outbound Adventures: 7 top tips for visiting beautiful Lisbon
GMT 14:45 2018 Sunday ,07 October
Netanyahu says will hold meeting with Putin soon
GMT 11:47 2017 Saturday ,25 February
Syria’s southern rebels face simultaneous attacks by ISIL and Assad
GMT 00:00 2018 Thursday ,18 January
PML-N to contest next election on basis of its best five-year performance
GMT 09:56 2018 Sunday ,14 January
Caribbean bloc condemns Trump's 'repulsive' language
GMT 21:11 2017 Sunday ,12 March
Deal to allow 1500 persons to leave Waer district in Homs every week
GMT 09:43 2015 Saturday ,08 August
Laura Carmichael talks 'emotional' goodbye to 'Downton Abbey'
GMT 14:11 2015 Monday ,27 April
London Bridal Fashion Week reveals 2015 Fashion Show Programme
GMT 22:41 2014 Monday ,24 November
Learning to forgive
GMT 15:47 2017 Saturday ,25 November
Queensland state votes in election seen as test for far-right
GMT 00:44 2017 Tuesday ,19 December
Eurozone summit offers third bailout to Greece
GMT 07:53 2017 Sunday ,19 February
6 heads of state attend President Adama Barrow's inauguration
GMT 23:14 2017 Monday ,23 October
Manal bint Mohammed highlights importance of childcare centresGMT 14:32 2011 Sunday ,12 June
Presenter Samira Ahmed resign
GMT 23:06 2017 Tuesday ,12 December
Germany set to pay customers for electricity
GMT 10:25 2017 Monday ,11 December
Guterres calls for new push to stop the 'stupid war' in Yemen
GMT 11:58 2017 Sunday ,05 November
Bahrain Press headlines
GMT 09:07 2016 Saturday ,26 November
Philippine problem 'beyond imagination'
GMT 02:21 2017 Wednesday ,06 September
Solar Lamp Project funded by UNIFIL Spanish peacekeepers
GMT 17:36 2017 Sunday ,26 February
Al Marakeb Boat Manufacturing Company announces agreement
GMT 19:02 2017 Thursday ,07 September
Kuwait’s Emir to hold a summit with Donald Trump
GMT 08:50 2016 Tuesday ,26 January
Russian stock exchange drops on oil price slide
GMT 01:38 2016 Tuesday ,29 November
Police Academy receives delegation from German Police Academy
GMT 01:43 2016 Thursday ,02 June
IPIC and OBIB extend OMV syndicate agreement
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor