UAE’s non-oil private sector expanded again in October

The UAE’s non-oil private sector expanded again in October — but at a slower pace than the month before. The latest PMI reading from S&P Global shows continued growth in new orders and output, though hiring and future optimism have cooled slightly. Dubai’s business activity, however, hit a multi-month high, supported by stronger sales in construction, retail and travel. Economists say the picture remains positive, but firms are taking a more cautious approach toward recruitment and long-term investment.