A strengthening dollar is to putting pressure on the service industry, and being blamed for the Dubai private sector contracting. That’s according to financial experts following the latest Dubai Economy Tracker which indicated that the private sector had modest declines in February for the first time since 2010. The index is provided by Emirates NBD and is a monthly assessment of business activity. The index for February declined to 48.9 in February from 50.7 in January.

OPEC+ approves further output increase as Hormuz exports start to recover
UAE thwarts advanced cyberattacks targeting financial sector
Emirati Supplier Programme awards AED1.78 billion in contracts to SMEs
Zayed International Airport reports strong passenger, flight traffic
UAE pushes for South America trade deal at Mercosur Summit
