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Posted inPURCHASING

Saudi Arabia’s non-oil private sector activity stayed flat m-o-m at 57.5 in December

Saudi Arabia’s non-oil activity maintains growth in December: Saudi Arabia’s headline Purchasing Managers’ Index (PMI) remained unchanged from November at 57.5 last month on the back of a surge in new orders, according to Riyadh Bank Saudi Arabia’s PMI (pdf). The rally in demand edged firms to adopt bolder pricing strategies and boosted firms’ purchasing. […]

Posted inDIPLOMACY

Jordan and UAE look to deepen trade and investment cooperation

Jordan + UAE discuss bolstering trade ties:Jordan’s Prime Minister Bisher Khasawneh met with the UAE’s Foreign Trade Minister Thani bin Ahmed Al Zeyoudi to discuss enhancing trade and investment cooperation between the two countries, Jordan News Agency (Petra) reports. The ministers also discussed the upcoming 13th World Trade Ministerial Conference of the World Trade Organization, […]

Posted inAROUND THE WORLD

Data center provider AdaniConnex seeks USD 400 mn loan for growth plans + Somalia snubs Ethiopia-Somaliland port agreement

Adani Group JV eyeing a USD 400 mn loan:Data center provider AdaniConnex, a joint venture between Indian conglomerate Adani Group and global data center provider Edgeconnex, is in talks with global lenders to raise up to USD 400 mn via an offshore loan, Bloomberg reports, citing people with knowledge of the matter. The loan — […]

Posted inCALENDAR

JANUARY9-11 January (Tuesday- Thursday): Dubai International Pharma and Technologies Conference and Exhibition, Dubai World Trade Centre, UAE.12-14 (Friday-Sunday): 2024 5th International Conference on Supply Chain Management (ICSCM2024), Singapore.23-25 January (Tuesday-Thursday): Transport Middle East 2024, Intercontinental Abu Dhabi, UAE.FEBRUARY5-7 February (Monday-Wednesday): Middle East Bunkering Convention 2024, DoubleTree Hilton, Dubai, UAE.6-7 February (Tuesday-Wednesday): The Middle East ProcureTech […]