UAE PRIVATE SECTOR THRIVES: UAE private sector sees strong growth in new orders and hiring, with June's figures reaching the highest since 2019. The non-oil private sector has improved for 31 consecutive survey periods, supporting future job creation. According to the latest PMI data from S&P Global, most of the new jobs were being added in the sales divisions. Retail, travel, tourism, and tech sectors experienced growth and increased hiring. The UAE PMI for June is at 56.9, indicating significant strengthening of business conditions. Costs of operations and input prices continue to rise, impacting inflation. Business owners remain optimistic due to strong order inflows, although sustained discounts may be challenging as input costs increase. (By Nivetha Dayanand, Web Editor)
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