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Friday, March 29

Economy

Doha: Qatar’s non-energy private sector recorded a stronger improvement in business conditions in February, according to the latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) compiled by S&P Global. Output and employment both increased at faster rates, and new business growth was maintained. Companies were also able to make progress on volumes of outstanding work during the month, and the 12-month outlook improved. The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies. The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.

The vision underscores the alignment of all policies and strategies with the national agenda, federal objectives, and readiness for the future, firmly anchoring the emirate’s commitment to a people-centric future

Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Federal Reserve Chair Jerome Powell’s remarks cemented mid-year interest rate cut bets, ahead of a U.S. key jobs report later in the day.

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