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UAE’s PMI hits one-year high of 55
Business activity surged at its fastest pace since April 2024
Non-oil private sector activity grows at the quickest pace in 11 months as northern Emirates and Abu Dhabi drive growth
The seasonally adjusted PMI rose to 54.8 in November, up from 53.8 a month earlier
THIS MORNING: Driverless taxis are now on Uber in Abu Dhabi + ENBD CEO breaks down plans post-acquisition of RBL
Plus: Petrofac files for insolvency for its Middle East unit
THIS MORNING: Abu Dhabi to invest up to USD 2 bn in India’s logistics sector + CBUAE cuts interest rates by 25 bps
Plus: Dubai’s hotel market occupancy is projected to reach 81% in 2025
THIS MORNING: Emirates NBD’s push in India could move ahead as Indian regulators mull raising foreign investment cap + Are Emirates NBD and FAB eyeing expansions in Egypt?
Plus: CBUAE drafts telemarketing regs for banks and financial institutions
Consumer loans up 55% from 2021 levels this year -S&P Global
This expansion mirrors robust economy, strong employment conditions, and increasing population inflows
Non-oil sector activity hits four-year low in July
The headline PMI dipped to 52.9 in July, from 53.5 in June
Abu Dhabi gears up for local debt issuance
The emirate and the UAE federal government are expected to issue some USD 8 bn in AED-denominated debt in 2025
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