66243
Dubai Growth Slows
Dubai Growth Slows

Dubai Growth Slows

Dubai Growth Slows

Economic growth momentum in Dubai is fading with pace of business activities slowing to new low in several months, according to a new survey, ameinfo reported. Emirates National Bank of Dubai Economy Tracker Index plunged to 55.0 in May from April’s 26-month high of 57.7. Output and new orders expanded at a sharp rate in the emirate, however. The economy tracker showed that the month recorded the slowest pace of improvement since October 2016. Meanwhile, construction companies in Dubai experienced the fastest improvement in business conditions in May with index clocking 56.2, followed by wholesale and retail (55.5) and travel & tourism (54.2).

Short URL : https://goo.gl/fYLe4k
  1. https://goo.gl/HYj2V9
  • https://goo.gl/J6ZU66
  • https://goo.gl/a2x3dy
  • https://goo.gl/yMUl4d
  • https://goo.gl/yXKqBI

You can also read ...

Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus