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Dubai s non-oil economy expands with boost in employment and improved outlook

Major markets gain as non-oil sector stocks shine

Mideast Stocks: Major markets gain as non-oil sector stocks shine

2 Min Read (Reuters) - Major stocks in the Gulf region strengthened on Monday, bucking the global trend, as shares in non-oil sectors took centre stage with markets in the United Arab Emirates (UAE) primarily driving the gains. FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed The non-oil sector in the Middle East’s tourism and business hub Dubai returned to growth in December, although the expansion was modest as employment fell and sentiment for the new year was subdued, the seasonally adjusted HIS Markit Dubai Purchasing Managers’ Index survey showed.

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