Economy and macroUpdated November 4

Dubai’s non-oil PMI reached an eight-month high

Dubai’s reading moved the other way: its non-oil PMI rose to 54.6 in October from 54.5 in September, its highest in eight months, S&P Global said. New business growth was at its joint-fastest pace since February, and output increased despite modest workforce reductions. It was a small rise in the index, but Dubai’s direction stood apart from the UAE-wide slowdown.

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Coverage started November 4