UAE business activity at two-year high but HSBC issues inflation warning | The National:
"Business activity in the UAE private sector reached its highest level in more than two years last month, according to HSBC.
But the bank also warned inflation was likely to become a growing headache next year after releasing its latest purchasing managers’ index, a monthly gauge of the performance of the non-oil private sector.
“It’s extremely strong reading that shows the UAE economy continuing to build speed,” said Simon Williams, chief economist for Middle East and North Africa at HSBC."
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