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Tag Archives: non-oil sector

Dubai non-oil trade jumps to Dh645b

Dubai’s non-oil foreign trade rose to Dh645 billion in the first half of 2018, an increase of Dh5 billion from 2017 figures. Dubai’s re-exports registered a Dh24 billion increase, growing by 14 per cent to Dh203 billion, reflecting the emirate’s strength as a re-export hub. Meanwhile, imports touched Dh377 billion …

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Dubai private sector maintains strong growth in June

Dubai’s non-oil private sector activity in June continued to surge with both output and new orders increasing at a sharp rate, indicating strong demand across the three key sectors such as travel and tourism, wholesale and retail and construction. The headline Dubai Economy Tracker Index (DET) eased to 56 in …

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UAE’s non-oil private sector growth spikes

The UAE’s non-oil private sector output and new orders in June rose at their fastest pace this year, indicating a strong improvement in the overall health of the economy, according to the Emirates NBD Purchasing Managers’ Index (PMI). The PMI for June rose to a 2018 high of 57.1, up …

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Stimulus package will aid in diversification

The new economic stimulus package will accelerate the local economy, further promote economic diversification and build a long-term future for its people, heads of Abu Dhabi’s top industrial firms said. “At the heart of this announcement are initiatives that will attract more innovative talent and across all economic sectors, including …

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Dubai gets record 4.7m foreign tourists in Q1

Dubai welcomed a record 4.7 million foreign tourists in the first quarter this calendar signalling strong growth momentum for the economy, the Department of Tourism and Commerce Marketing (Dubai Tourism) said in a statement on Friday. “Welcoming 4.7 million international overnight tourists from January-March 2018, the emirate posted a stable …

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Emirati-owned SMEs bagged Dh1.5b in contracts in 2017

The total value of contracts awarded to Emirati-owned small-to-medium-sized enterprises (SMEs) within the emirate since the Government Procurement Programme was begun in 2002 is Dh5 billion, Dubai SME has said. The total value of contracts awarded in 2017 was Dh1.5 billion — the first time the scheme has generated contracts …

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Dubai private sector maintained strong growth in February

The Dubai Economy Tracker Index (DET) for February signalled a further strong improvement in business conditions across Dubai’s non-oil private sector. Although the headline index eased slightly from 56 in January to 55.8 in February, it still indicated a strong expansion in the non-oil private sector. “The PMI survey data …

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Dubai non-oil private sector growth slowed in December

Data on Dubai’s non-oil private sector December showed a marginal slowdown in growth with the Emirates NBD Dubai Economy Tracker Index (DETI) slipping to 54.7 in December, from 55.3 in November — the lowest reading since October 2016. Data indicated a slower rate of expansion in Dubai’s economy last month. …

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