Oil Slump Weighs on Saudi, U.A.E Businesses as PMI Drops

  • Saudi PMI drops to a record in October; U.A.E. also falls
  • Egypt's business conditions worsened on power, FX shortages

The slump in oil prices is sapping growth momentum of private businesses in the two biggest Arab economies, according to a key indicator released on Tuesday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.