UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Dubai On Track To Break All Tourism Records in 2023

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UAE
 

Dubai has been a favorite tourist destination for many years, but in the first two months of 2023, the city has truly outdone itself. With a record-breaking 3.1 million visitors in just two months, Dubai is on track to break all tourism records this year.

Western Europe was the largest source of visitors overall in January and February, with tourists from countries such as Germany, France, and the United Kingdom flocking to the city to experience its stunning architecture, luxury shopping, and vibrant nightlife.

But it's not just the tourists who are benefiting from this influx of visitors. Hotel occupancy rates have risen significantly, with many hotels reporting occupancy rates of over 90% during peak periods. This is fantastic news for the hospitality industry in Dubai, which has been hit hard by the pandemic.

Dubai has always been a top destination for travelers from around the world, but with this recent surge in visitors, the city has truly cemented its place as a tourism hotspot. The city has invested heavily in infrastructure and attractions in recent years, making it an even more attractive destination for tourists.

Dubai has something for everyone, whether it's luxury shopping, world-class restaurants, or thrilling adventure activities. And with the city's commitment to sustainable tourism practices, visitors can enjoy all that Dubai has to offer with a clear conscience.

If Dubai continues on this trajectory, it's safe to say that 2023 will be a year for the record books. With more and more tourists flocking to the city every day, Dubai is truly living up to its reputation as a global tourism capital.

In conclusion, Dubai's impressive tourism numbers in the first two months of 2023 show that the city is well on its way to breaking all tourism records this year. With Western Europe leading the way, Dubai's tourism industry is flourishing, benefiting both tourists and the hospitality industry alike. It's clear that Dubai's investment in infrastructure and attractions has paid off, making it a must-visit destination for travelers from around the world.

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