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“The fallout from Covid-19 is still being felt across the market. However, there are pockets of activity emerging, with the technology-media-telecoms sector being notably active, mirroring trends in other major global markets,” Faisal Durrani, head of Middle East research at Knight Frank, said. “The increased level of activity stems from rising nationwide business confidence, driven by the world-leading vaccine roll-out programme that is allowing a semblance of normality to return.” The UAE’s Purchasing Managers’ Index (PMI), which tracks business confidence in the country’s private non-oil economy, stood at 52.7 in April, the highest since June 2019 and the fifth month in succession that a reading over 50 was registered, indicating continued business expansion.

United arab emiratesAbu dhabiKnight frankFaisal durraniMiddle eastManager indexFareed rahmanஒன்றுபட்டது அரபு அமீரகங்கள்நைட் வெளிப்படையானஃபேஸல் துரிரனிநடுத்தர கிழக்குமேலாளர் குறியீட்டுஃபீட் ரஹ்மான்