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 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 13:11 2017 Wednesday ,04 October
Jacques Dubochet (Switzerland), Joachim Frank (US)
GMT 18:18 2017 Sunday ,07 May
Action-packed Times of Oman Quiz prelims at Indian School Ghubra
GMT 14:37 2012 Tuesday ,10 April
Guardiola dismisses La Liga talk
GMT 19:29 2014 Friday ,14 February
Films shine new light on darkness of HolocaustGMT 12:44 2012 Wednesday ,31 October
Allegri happy after comeback
GMT 06:59 2017 Tuesday ,23 May
Tunisian demonstrator was killed and others injured
GMT 13:37 2017 Thursday ,16 March
Smith leads Australia's revival in Ranchi test
GMT 17:51 2018 Tuesday ,23 January
Fujairah fire: Police say it was reported too late
GMT 04:39 2018 Tuesday ,23 January
Thousands in Ireland honour late Cranberries singer O'Riordan
GMT 07:34 2018 Friday ,19 January
Time for talks on players' welfare
GMT 14:10 2017 Thursday ,26 October
How to raise AI like your kids
GMT 11:42 2017 Thursday ,09 November
EU fails to agree new licence for controversial weedkiller
GMT 16:41 2016 Monday ,07 November
Duchess of Cornwall meets UAE women leadersGMT 23:16 2011 Tuesday ,06 September
Fashion x Art gives artists a platform in Saks
GMT 19:13 2016 Friday ,17 June
South Korea Unveils Slogan, Emblem For 2017 FIFA U-20 World Cup
GMT 09:07 2014 Saturday ,01 February
Komodo dragon dies at Indonesia\'s \'death zoo\'GMT 05:56 2013 Sunday ,06 January
Corning to debut tougher Gorilla Glass
GMT 00:22 2015 Tuesday ,27 January
Kuwait: Students should follow US authorities' instructions on snowstorm
GMT 06:49 2017 Monday ,27 February
3 Killed, 4 Injured in Road Accident on Rabat-Salé Highway
GMT 09:25 2017 Sunday ,13 August
Mohammed bin Rashid approves new Building Permit
GMT 12:28 2016 Monday ,21 November
Coldplay charms India in anti-poverty concert
GMT 17:04 2014 Thursday ,24 April
Droplet lens turns smart phones into microscopesGMT 15:11 2012 Monday ,16 April
New iPad 6M coming in 3rd quarterGMT 06:13 2012 Wednesday ,02 May
\'The Magus\': A thrilling, chilling guilty pleasureGMT 10:01 2012 Thursday ,05 July
Soy chicken noodles
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor