On Air Now
The Music Mix
11:00pm - 6:00am
Listen To Dubai Eye
Listen Live

Search Dubai Eye 103.8

UAE economic recovery could happen in H2 2020

Wednesday, 10 June 2020 16:20

WAM

The Central Bank of the UAE says the country could see economic activity recovering in the second half of 2020.

It notes in its quarterly review that the economy performed well in January and February.

Measures put in place to help businesses are likely to have a positive effect on the purchasing managers’ index (PMI), real estate prices, employment and credit growth. 

The report also shows that the labour market witnessed activity as employment in the private sector saw an increase of 1.3 per cent quarter-on-quarter and 2 per cent year-on-year.

In the first quarter, there were 5.159 million employees in the private sector, including 64,000 new positions. 

Share

More from Business

  • OPEC+ agrees in principle to keep oil output pause for March

    OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, according to three delegates and a draft statement seen by Reuters, even after crude prices hit six-month highs on concern the US could launch a military strike on OPEC member Iran.

  • World Laureates Summit opens in Dubai

    The World Laureates Summit opened on Sunday in Dubai, bringing together more than 150 scientists and participants, including Nobel Prize laureates and recipients of the world’s most prestigious scientific awards, alongside leaders of research institutions and policymakers from around the globe.

  • UAE, Austria explore ways to boost trade, investment ties

    Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has welcomed Beate Meinl-Reisinger, Austrian Minister for European and International Affairs, and Austrian business executives, to a roundtable aimed at enhancing private sector collaboration between UAE and Austrian companies.

  • RAKEZ records strong growth in 2025, welcoming 19,000 new companies

    Ras Al Khaimah Economic Zone (RAKEZ) recorded another year of strong performance in 2025, with 19,000 new companies joining its growing business community.

  • UAE's non-oil foreign trade exceeds AED3.8 trillion in historic first

    The UAE's non-oil foreign trade has exceeded AED 3.8 trillion ($1 trillion) for "the first time in its history", His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Saturday.

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

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!

Our Shows

Text us on WhatsApp

Quick Links

Listen on the Go

  • Available on the App Store
  • Available on Google Play

© 2026 ARN and Aiir. All Rights Reserved.