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June 09, 2023
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UAE PMI 55.3 in May-23

- The UAE's PMI dropped to 55.3 in May 2023, the lowest level since February 2023, indicating a slowdown in the manufacturing sector's growth.
- The figure was 0.41 points below the one-year average, suggesting some challenges in the manufacturing sector that affected its performance.

June 05, 2023
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Oil: In Search of Stability

  • Despite what was, by all accounts, a challenging discussion at the Opec+ table last weekend, Saudi Arabia appears to have engineered a pragmatic outcome consistent with its drive to stabilise the oil price.

By Alastair Newton

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