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NON-OIL SECTOR GROWTH FOR DUBAI

Dubai’s non-oil sector is growing, new figures show.

The HSBC Purchasing Managers Index for September rose half a point, to just under 54 points. Anything over 50 signals expansion in the economy.

Managers reported growth in new orders, and employment.

However, wages showed limited growth, and the survey suggests there is little scope for companies to raise output prices, despite the fact that input costs are rising fairly rapidly.

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