UAE, 11 September, 2024 : OPEC’s September 2024 Monthly Oil Market Report highlighted the UAE's robust non-oil sector performance. Dubai’s tourism sector saw 10.62 million international visitors from January to July, an 8% rise compared to 2023.
The UAE continues to attract foreign investors and skilled professionals by allowing 100% foreign ownership of onshore companies, reducing business setup costs, and reforming visa and job security laws.
The report also noted a rise in the S&P Global UAE PMI to 54.2 in August, reflecting growth in new orders driven by increased consumer and business spending. Hiring in the non-oil sector also continued, though at a slower pace.
Source : www.wam.ae
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