Regional malaise? Saudi Arabia’s non-oil economy is sputtering, with the latest data showing that “businesses and Saudi consumers were still struggling to cope with government policies. Private sector activity grew at an annual rate of 0.4 percent, compared with 0.9 percent in the previous quarter,” Bloomberg reports. Lest the Statelet of Qatar start feeling its oats on that front, “Qatar’s economic growth was slowing even before a Saudi Arabia-led bloc severed diplomatic and transport links in early June,” the business information service notes. Qatar is expected to grow this year at 2.5%, or about the slowest pace since 1995.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…