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Free Zones Of UAE
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- Dubai Cars & Automotive Zone (DUCAMZ)
- Dubai Flower Centre (DFC)
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- Dubai Studio City (DSC)
- ENPARK
- International Media Production Zone (IMPZ)
- Intl. Humanitarian City (IHC)
- Jebel Ali Free Zone (JAFZA)
- TechnoPark (TP)
- Hamriyah Free Zone (HFZ)
- Sharjah Airport International Free Zone (SAIF-Zone)
- RAK Free Trade Zone Authority (RAKFTZ)
- RAK Investment Authority (RAKIA)
- RAK Maritime City (RAKMC)
- Fujairah Free Zone (FFZ)
- Ahmed Bin Rashid FZ (ABRFZ)
- Ajman Free Zone (AFZ)
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UAE Freezones Biz News Updates
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UAE PMI rises as export market demand jumps
July data signalled further rises in output levels and new order intakes
Non-oil business activity in the United Arab Emirates increased in July,
underpinned by new orders from abroad, a sign that the UAE economy remains
in good health even as other emerging markets wobble, HSBC said on Monday.
The bank’s purchasing managers index, or PMI, inched up to 54.5 in July,
from 54.1 in June. A reading above the neutral 50 level indicates the
economy is expanding.
HSBC said the July data signalled further rises in output levels and new
order intakes at non-oil producing private sector companies in the UAE.
Meanwhile, new business from abroad rose at the sharpest rate since January
and employment levels increased further, albeit at the slowest pace in eight
months.
“It’s another positive set of readings that shows the UAE maintaining
momentum even as other more high profile emerging markets lose steam.
“Despite strong demand, inflationary pressures appear subdued and wages,
though rising, are gaining only slowly,” said Simon Williams, chief
economist for Middle East & North Africa at HSBC.
HSBC’s PMI index, the first of its kind to be published in the Gulf, was
compiled with data provider Markit and based on data compiled from monthly
replies to questionnaires sent to purchasing executives in approximately 400
private sector companies.
Aug 5, 2013 |
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Courtesy Al Nisr Publishing LLC
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