December data signalled a strong end to the year for the UAE’s non-oil private sector, with business conditions improving at the sharpest pace in 34 months. Steep expansions in output, new orders alongside solid export demand growth underpinned the most recent upturn. In terms of inflation, input cost pressures softened during December, whilst selling prices fell for the fourth month running.
The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.
Commenting on the UAE PMI® survey, Khatija Haque, Head of MENA Research at Emirates NBD, [...]
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Travel is expected to peak once again at the end of the year for Emirates, as the airline expects yet another busy period with visitors flocking into Dubai for New Year’s celebrations.
Over 250,000 people are expected to arrive into Dubai from 28 December until just after New Year’s Day, while 200,000 travellers will be departing from Dubai. In addition, more than 350,000 travellers will be connecting through Emirates’ dedicated Terminal 3 facilities in the same time period.
The busiest time for departures will be starting on 1st January 2018 in the afternoon and continuing all day on Tuesday 2nd and Wednesday 3rd January.
With road works and [...]
The Principality of Monaco will showcase its innovation and new technologies when it participates at Expo 2020 Dubai.
A delegation from Monaco visited Dubai to meet the Expo 2020 organisers and seal the country’s participation at the first World Expo in the Middle East, Africa and South Asia (MEASA) region.
As part of the visit, Albert Croesi, the newly-appointed Commissioner General of section for Monaco and Director General of Monaco Inter Expo, and Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau, signed Monaco’s official participation contract for Expo 2020 Dubai.
Monaco is the latest participant to [...]
November’s data signalled a solid upturn in Dubai’s private sector business conditions. Steep growth in both output and inflows of new work contributed to the latest expansion. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – eased to 55.3 in November, from 55.6 in October. The rate of growth remained above the series’ long-run average, however. At the sector level, wholesale & retail companies reported the strongest improvement in business conditions.
Commenting on the Emirates NBD Dubai Economy Tracker, Khatija Haque, Head of MENA [...]
Under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the 10th edition of the Arab Strategy Forum (ASF) will be held in Dubai on 12 December.
The 10th edition of the Forum, to be held under the theme ‘The State of the World in 2018’, will see thought leaders delivering geopolitical and economic forecasts on various global and regional issues. The Forum aims to enable leaders in both private and public sectors to better anticipate future developments. This year’s edition of the event brings together prominent economic and political analysts and experts with the aim of fostering an analytical [...]
The 2nd Middle East Food Forum (MEFF) will be co-located with SIAL Abu Dhabi taking place on 13-14 December 2017 at ADNEC, Abu Dhabi.
The Middle East Food Forum is the essential meeting place for food service business owners and operators, including aspiring and established entrepreneurs to engage with industry experts, address concerns, find new ideas and inspiration. The learning and networking event features presentations, panel discussions and workshops, offering unique opportunities to share experiences, upgrade skills, build valuable connections, and explore ways to start, sustain, grow, or transform any F&B business.
MEFF aims at being the most influential, [...]
The Dubai economy continued to witness strong economic progress despite challenging regional and global economic conditions. The sustained growth supports the UAE Centennial Plan 2071, which seeks to further raise living standards for future generations and create a sustainable society.
Dubai’s non-oil foreign trade increased to AED 344 billion in the third quarter of 2017, an increase of 13% year-on-year from AED 305 billion in the corresponding quarter of last year. Re-exports were the key driver of growth in the quarter, rising 34% to AED 103 billion, a relatively strong performance given the challenging geo-political backdrop.