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POLITICS. UK's Labour sweeping into power with huge majority, exit poll shows. TRADE. China-built EVs hit with duties in biggest EU trade case yet. MANUFACTURING. Egypt’s manufacturing, extractive industries index drops 12.61% in April. EQUITIES. Indian stock indices achieves new highs, Sensex closes above 80K for first time. TRADE.
All news in BUSINESS - Zawya. BUSINESS. REAL ESTATE. LSE-listed Dar Global to bring Trump Tower to Jeddah skyline in Saudi. FINANCIAL SERVICES. Saudi Investment Bank says not party to any M&A discussions. TRANSPORT. New Dubai plan targets 140 Metro stations by 2040. TRADE. Global trade resumes growth in first quarter of 2024: UNCTAD.
1. Growth of UAE’s non-oil businesses impacted by competitive pressures. 2. Saudi Arabia’s non-oil business activity drops to its lowest in 2.5 years – PMI. 3. Higher oil prices boost GCC equity indices. 4. Dubai real estate update: Rents will continue to rise, but at a slower pace in 2024.
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