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Job creation picks up pace in Dubai s private sector

Dubai: Dubai’s non-oil private sector continued to create more jobs last with renewed efforts to increase employment numbers, according to the IHS Markit Dubai Purchasing Managers Index for June 2021. Data for June showed that the rate of job creation was the quickest since November 2019, but slower than the long run series average. Overall, last month, output growth in Dubai s non-oil economy slipped, as a weaker rise in sales and supply shortages curtailed the sector s recovery. Input cost inflation accelerated as firms saw a mark-up in commodity prices, pushing output charges higher for only the second time in three years.

Dubai landlords try to get higher rents on new tenancy contracts before 3-year freeze takes effect

Dubai landlords try to get higher rents on new tenancy contracts before 3-year freeze takes effect
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