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Gulf's Private-Sector Growth Slows as Price of Oil Falls

The private sector in the two biggest Gulf Arab economies grew at the slowest pace in years in October, corporate surveys showed on Tuesday, indicating low oil prices are starting to slow business activity across the region. The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers' Index for last month dropped to 55.7, its lowest level since the survey began in August 2009, when the world's top oil exporter was grappling with the global financial crisis. The...

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