Dubai's non-oil sector continues to grow

belchonock/123rf

The non-oil sector in Dubai is experiencing its biggest growth in four years, but it's not leading to the creation of new jobs.

That's according to the latest Emirates NBD Dubai Economy Tracker, which found the highest quarterly average since Q1 of 2015.

The rate of growth also accelerated to a record high since the survey began nine years ago.

However, it's not led to an increase in jobs with the report revealing that the employment is broadly flat as companies keep a lid on their costs.

Among the three key sectors monitored, the strongest overall performance was again registered in wholesale and retail (59.9), although growth slowed for the first time in 2019.

More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!