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Dubai Business Activity Jumps to Two-Year High on Expo Boost

The Expo 2020 in Dubai on Oct 31.

The Expo 2020 in Dubai on Oct 31.

Photographer: Giuseppe Cacace/AFP/Getty Images

Dubai’s business conditions saw the sharpest improvement in two years last month, spurred by a rebound in new orders and increased tourism as Expo 2020 got under way.  

Growth across much of the non-oil private sector accelerated, according to IHS Markit. Its Purchasing Managers’ Index for the Middle East’s main business hub jumped to 54.5 in October from 51.5 in September, above the 50 mark that separates growth from contraction and the highest level since October 2019.