Bank­ing on a re­turn to pros­per­ity

7 Days in Dubai - - NEWS -

Dubai’s pri­vate sec­tor is show­ing signs of an im­prove­ment if Emi­rates NBD fig­ures are to be be­lieved. The bank’s Dubai Econ­omy Tracker has shown that Oc­to­ber data sig­nalled a fur­ther im­prove­ment in busi­ness con­di­tions across Dubai’s pri­vate sec­tor econ­omy, un­der­pinned by strong rises in out­put and in­com­ing new work. The sea­son­ally-ad­justed Emi­rates NBD Dubai Econ­omy Tracker In­dex reg­is­tered above the cru­cial 50.0 no-change value for the eighth month run­ning. How­ever, the lat­est read­ing was down from Septem­ber and pointed to the slow­est growth mo­men­tum since April. The sur­vey cov­ers the Dubai non-oil pri­vate sec­tor econ­omy.

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