New projects to lift UAE growth

After weathering the turbulence caused by low oil prices, the UAE has managed a soft landing with non-oil real gross domestic product growth bottoming out as the fiscal drag eased and infrastructure activity picked up, analysts at Bank of America Merrill Lynch said. Read more…

UAE PMI signals strong growth in April

Dubai: The UAE Purchasing Managers’ Index was broadly unchanged in April at 56.1, compared with March’s 19-month high of 56.2. Output and new orders growth remained very strong although slightly slower than March. Read more…

Dubai business conditions at best in two years, study says

A gauge of the Dubai economy says the emirate’s business conditions improved in March amid gains in output, new orders and employment. The latest Emirates NBD Dubai Economy Tracker says that the wholesale and retail, travel and tourism and construction industries led the advance, which capped the index’s strongest quarter since the first quarter of… Read More Dubai business conditions at best in two years, study says