Economics
Saudi Business Climate at 10-Month High; Egypt Growth Slows
- Data points to kingdom’s ‘economy getting back on its feet’
- Egypt keeps expanding, but confidence for 2021 at record low
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Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment.
In Egypt, activity posted a third month of growth but at a slower rate, as confidence for the year ahead hit a record low on fears over the impact of a second wave of the virus on global markets.