Growth in Dubai non-oil business conditions strengthened to the greatest degree in nearly three years in May, according to the latest Purchasing Managers’ Index (PMI) survey from S&P Global. The robust expansion was aided by a marked improvement in the travel & tourism sector, as businesses saw a further recovery in sales.
The seasonally adjusted S&P Global Dubai PMI picked up to 55.7 in May, up from 54.7 in April, and indicating a robust…