The UAE's economy rose to record levels in March according to one measure as the HSBC's purchasing managers index showed increases for output and new orders.
The Emirates climbed on the index to 54.7 from 54.3 in February, while inflationary pressures persisted, HSBC said in an e-mailed statement today.
"We'll need to wait a little longer to gauge the effect of regional unrest on the UAE's performance,'' Simon Williams, chief economist for the Middle East & North Africa at HSBC, said in the statement.
"Long-term, the UAE's standing as the region's business hub is likely to be enhanced by the problems elsewhere, but over the short-term foreign investment and tourism may take a hit."
Bloomberg News
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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'Laal Kaptaan'
Director: Navdeep Singh
Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain
Rating: 2/5
