UAE business conditions continue to strengthen: Report

123RF

Business conditions in the UAE’s non-oil private sector sharply improved in the second quarter of this year.

That’s according to the latest Emirates NBD Purchasing Managers Index (PMI), which shows the growth was driven by a rise in output and new orders.

However, price discounts have continued and there was hardly any growth in jobs as firms remain focused on keeping costs down.

The seasonally adjusted PMI, which gives an overview of operating conditions in the non-oil private sector economy, reached 57.7 in June.

Khatija Haque, Head of MENA Research at Emirates NBD, explains.

More from Business

  • DEWA updates billing on water consumption

    Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.

  • UAE, Japan to complete CEPA by end of year

    The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.

  • US judge blocks Musk's DOGE from accessing payment systems

    A federal judge temporarily blocked a Trump administration panel led by billionaire Elon Musk from accessing government systems used to process trillions of dollars in payments, citing a risk that sensitive and confidential information could be improperly disclosed.

  • Du services interrupted due to 'technical issue'

    UAE telecom operator Du confirmed a technical error led to the disruption of its services on Saturday as users were left without internet or landline services.

  • RTA to offer 300 exclusive license plates at auction

    Dubai’s Roads and Transport Authority (RTA) is to offer 300 exclusive two, three, four, and five-digit license plates for private and vintage vehicles as well as motorcycles at its upcoming 78th e-auction.