Dubai’s private sector endures a quiet December; job creation remains muted

Dubai: New business activity in Dubai’s private sector had its slowest December in more than two years, while job creation was also quite muted. But there were some positives as 2018 came to a close — inflationary pressures continue to remain weak, according to the latest Emirates NBD purchasing managers index (PMI) tracker. The tracker […]

Saudi Arabia to hire HSBC banker as privatization unit head

Riyadh: Saudi Arabia hired HSBC Holdings Plc banker Rayyan Nagadi to set up a privatisation unit at the ministry of finance as the kingdom forges ahead with plans to sell state assets, people familiar with the matter said. Nagadi, previously head of project and export finance at HSBC Saudi Arabia, will advise the ministry on […]