Economics
Two Biggest Arab Economies Get in Sync With Best Pickup in Years
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Business conditions in Saudi Arabia and the United Arab Emirates improved the most in years, signaling that recoveries may be taking hold in the Arab world’s two biggest economies.
In May, Saudi Arabia’s Emirates NBD Purchasing Managers’ Index rose to its highest since December 2017. A similar gauge for the U.A.E. posted its best reading since October 2014. Both moved further above the threshold of 50 that separates contraction from growth, reaching 59.4 in the U.A.E. and 57.3 in Saudi Arabia.