Dubai's business conditions continue to strengthen: Report

123RF

Overall business activity in Dubai's non-oil private sector economy has risen by the fastest rate in nine months.

That's according to Emirates NBD's latest Economy Tracker Index which found that companies in the wholesale and retail sector saw the biggest growth in volumes in February.

However, this has not translated into more jobs or profits.

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

The seasonally-adjusted Economy Tracker Index is designed to give an overview of operating conditions in Dubai's non-oil private sector economy.

In February, it remained unchanged from January’s seven-month high of 55.8.

A reading below 50 indicates the non-oil private sector economy is generally declining and above 50 means it is expanding. A reading of 50 signals no change.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye

  • Earth Hour

    In celebration of Earth Hour we are asking you the residents of the UAE to show support to our beautiful planet earth.

  • Life as a captive of Somali pirates

    This is the story of how Michael Scott Moore survived 977 days in the company of pirates.

  • The 17 Year Old going to Mars

    We caught up with a precocious young lady whose ambitions are literally out of this world. 17 year old Alyssa Carson is in training to go to Mars.