Dubai business growth back to pre-Covid path as vaccines pay off ...Qatar

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Dubai business growth back to pre-Covid path as vaccines pay off
Business activity in Dubai rose to the highest level since late 2019 after a rebound in tourism and a fast distribution of coronavirus vaccines. The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit. Its Purchasing Managers’ Index for the Middle East’s main business hub rose to 53.5 from 51 in March, staying above the 50-mark that separates growth from contraction and signalling significant economic expansion. “The recovery in the Dubai non-oil economy sped up in April, as output and new order growth returned to pre-Covid trends and business confidence strengthened,” said David Owen, an economist at IHS Markit. “Travel and tourism firms recorde

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