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Zawya
an hour ago
- Zawya
Egypt's non-oil sector shows signs of stability as PMI nears growth threshold
Egypt's non-oil private sector showed signs of stabilisation in July, with employment rising for the first time in nine months and a softer decline in output and new orders, according to the latest S&P Global Egypt PMI report. The headline PMI rose to 49.5 in July from 48.8 in June, remaining below the 50.0 threshold that separates growth from contraction. However, the index reached its joint-highest level in five months, suggesting only a marginal decline in business conditions. "Businesses ... had the confidence to hire new staff, leading to an increase in employment for the first time in nine months, if only a fractional one," said David Owen, Senior Economist at S&P Global Market Intelligence. Employment rose as firms responded to signs of stabilising demand and rising backlogs of work. Output and new orders continued to fall, albeit at a softer rate than in June, with some firms noting increased activity amid tentative signs of recovering sales. The wholesale and retail sector remained the largest drag on demand and activity. Input prices rose at a quicker pace, driven by higher costs for items such as cement and fuel, yet remained below the long-run trend. Selling charges increased for the third consecutive month, although the rate of inflation was modest. Despite ongoing challenges, optimism about future activity improved slightly from June's record low, with firms expressing hopes for slower inflation and reduced regional conflict. However, overall confidence remained historically subdued. (Reporting by Reuters)
Zawya
an hour ago
- Zawya
Saudi Arabia, IMO partner on global projects for underwater noise reduction, seafarer training
RIYADH — The Transport General Authority has signed a cooperation agreement with the International Maritime Organization (IMO) to launch two global initiatives aimed at reducing underwater noise and training the next generation of maritime professionals. The agreement covers the GloNoise project, which seeks to limit radiated underwater noise to protect marine ecosystems, and the NextWave Seafarers project, designed to address the shortage of qualified maritime personnel worldwide. The Kingdom was represented at the signing by its permanent representative to the IMO, Eng. Kamal Al-Junaidi, while the IMO was represented by Dr. Jose Matheickal, director of the Technical Cooperation Implementation Division. Under the NextWave Seafarers project, 20 trainees from developing countries — including both men and women — will receive specialized training to prepare them for careers in the maritime sector. The program also emphasizes gender equality and equal opportunities in this vital industry. The deal underscores Saudi Arabia's commitment to environmental sustainability, human capital development, and its active role in the global maritime sector. It aligns with the Kingdom's National Transport and Logistics Strategy, which seeks to strengthen Saudi Arabia's position as a leading hub in the shipping and logistics industry.
Zawya
an hour ago
- Zawya
RØDE appoints Lara Sous as MENA Marketing & PR lead
RØDE is proud to announce the appointment of Lara Sous as Marketing & PR Lead for the Middle East and North Africa (MENA) region. With more than 14 years of experience driving marketing strategy and brand growth across the automotive, tech, and creative industries, Lara brings a wealth of regional expertise to the role. Based in Dubai, she will lead RØDE's marketing and communications efforts across the MENA region. Lara joins RØDE following senior roles at Lotus and MG Motor, where she was instrumental in delivering high-impact campaigns, leading brand momentum, and strengthening brand equity across the region. Her leadership at MG earned multiple accolades, including wins at the PRCA MENA and MEPRA Awards. Earlier in her career, she held marketing roles at Audi Volkswagen Middle East and worked agency-side at Ogilvy and Service Plan Group, delivering campaigns across a broad range industries, including technology, tourism, fashion and automotive. 'We're incredibly excited to welcome Lara to the RØDE team,' said Kalinda Atkinson, Sales and Marketing Director at RØDE. 'She brings a rare blend of creative insight, strategic thinking and regional experience that will be vital as we grow our presence across the Middle East. Lara's leadership will be key in amplifying our brand and deepening our engagement with creators throughout the region.' Commenting on her appointment, Lara Sous said, "Joining RØDE marks a new and a significant milestone in my career. It is a globally renowned brand that lives and breathes creativity, quality & culture. As the MENA region continues to thrive with creator energy & tech innovation, I'm excited to help bring RØDE's global mission into the region, to empower and shape how stories, narratives and experiences are heard.' Lara's appointment signals RØDE's continued investment in the fast-growing creator economy across the Middle East. As the region becomes a global hub for innovation, content and culture, RØDE is focused on expanding its local presence and supporting the next generation of storytellers with the best creative tools to amplify their voices.
