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  • 11-02-19

    Dubai accelerates development in non-oil private sector

    (MENAFN) Dubai witnessed an accelerated momentum in its non-oil private sector last month with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index recording a jump to 55.8 compared to 53.7 a month prior.

    Emirates NBD confirmed in a recent report Dubai to have enjoyed a solid performance in its business environment compared to a year ago.

    "The Dubai Economy Tracker has started the year on a positive footing, climbing from 53.7 in December to 55.8 in January, the highest level in seven months," stated Emirates NBD Mena Research head Khatija Haque.

    "This marks a recovery from the weak growth in Q4 2018 - the slowest expansion in the non-oil private sector since Q1 2016 - and reaffirms our view that the Dubai economy will strengthen in 2019, owing to greater government spending and ongoing Expo preparations," Haque added.


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