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FINANCIAL NEWS
UAE non-oil sector recoils
08 Dec 2015
(MENAFN) The UAE’s non-oil private sector growth reclaimed momentum in Nov, after facilitating to a two-and-a-half year low over Oct.
Moreover, new business and employment in the non-oil private sector also grew, while input costs increased further, but modest pressures meant that charges decreased regardless.
The nation economy is in a strong place to weather the fall in oil prices, whereas oil prices have not affected the UAE’s ongoing improvement plans, especially in large and strategic projects.
Additionally, the seasonally-adjusted Emirates NBD UAE Purchasing Manager’s index, which covers industry and services, increased to 54.5.
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