UAE business conditions show sustained recovery in June

Data from June has pointed to a sustained recovery in growth momentum across the Dubai private sector. The figures were led by improving business conditions in the travel & tourism and wholesale & retail sectors. The Emirates NBD Dubai Economy Tracker Index picked up to its highest level since August 2015. The index is a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy and has now registered above the crucial 50.0 no-change threshold for four consecutive months.