Strong increase in Dubai private sector output

A new survey from Emirates NBD highlights that April was a positive month overall for the Dubai private sector economy, with output and new business volumes continuing to expand at robust rates. However, there were signs that growth momentum has slowed from its peak seen at the start of 2015. Of the three key sub-sectors monitored by the survey, the fastest pace of output expansion was recorded in construction. Looking ahead, travel & tourism companies are the most optimistic about the year-ahead business outlook.