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FinancialNews


  • 10-01-18

    Dubai non-oil sector growth face decline in December

    (MENAFN) According to the Emirates NBD Dubai Economy Tracker Index, December brought about a development deceleration in the non-oil sector of Dubai.

    In December, the index declined to 54,7 from 55.3 in November, keeping in mind that each reading of over 50 indicates an economic growth.

    Emirates NBD's MENA research chief Khatija Haque confirmed "the decline in the Dubai Economy Tracker index in December is a little surprising, but appears to be broad-based across all the key sectors. Nevertheless, a reading of 54.7 still indicates economic growth in December.

    She further added "looking at 2017 as a whole, the survey data suggests that Dubai's economy grew at a faster rate that both 2015 and 2016."

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