THE RISE OF UAE’S NON-OIL ECONOMY: The UAE's non-oil business sector has surged, marking its highest growth rate in September. The S&P Global UAE Purchasing Managers' Index soared to 56.7, up from August's 55.0, a clear indicator of robust activity. What stands out is the remarkable revival of new business, with the new orders subindex hitting 64.7, the fastest expansion since June 2019. This upswing is powered by firms securing new clients domestically and abroad. The confidence in business prospects for the upcoming year has also strengthened, reflecting sustained demand and the acquisition of new clients. September's data surely paints a promising picture for the UAE's economic landscape. (By Nivetha Dayanand, Web Editor)
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