UAE non-oil private sector growth slows as Iran war weighs, PMI shows
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The non-oil private sector in the UAE has experienced a slowdown in growth, with reports indicating it has reached a near four-year low in March or a five-year low in June. The slowdown is attributed to the impact of the Iran war, which is also affecting non-oil growth in the broader Middle East region. However, the exact timing and extent of the slowdown are unclear, with different reports citing different timeframes and countries, including Egypt, which is also experiencing a downturn in its non-oil economy.
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