Saudi Arabia, UAE Business Conditions Improve Even as Costs Rise
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Business conditions Saudi Arabia and the United Arab Emirates improved in June, even as cost pressures increased.
Accelerating demand helped the Arab world’s largest economies secure new business orders and maintain employment levels. A purchasing managers’ index for Saudi Arabia rose to 59.6 from 58.5 in May, according to Riyad Bank. A similar S&P Global survey for neighboring UAE climbed to 56.9 from 55.5.