Dubai's non-oil economy index dips in December By Sarmad Khan

10 Jan

Dubai’s non-oil private sector economy slowed in December, recording the weakest growth in business activity since April 2016, however the overall business activity and new work remained sharp in the emirate, according to a new survey.

The Emirates NBD Dubai Economy Tracker Index, an indicator designed to give an overview of non-oil private sector economy, eased to 54.7 in December, from 55.3 in November. A reading above 50 suggests that the non-oil economy is growing, while a reading below 50 suggests a contraction. The survey is sponsored by Emirates NBD, Dubai’s biggest bank by assets, and produced by IHS Markit, a financial information services company. Read More...

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