The Dubai canal by night. Rustam Azmi / Getty
The Dubai canal by night. Rustam Azmi / Getty

UAE sees strongest third quarter of non-oil activity in two years



Non-oil business activity in the UAE had the strongest third quarter in two years on the back of strong growth in output and jobs, a key economic gauge for the second biggest Arabian Gulf economy showed.

The UAE Purchasing Managers' Index, sponsored by Emirates NBD and produced by IHS market, showed the average PMI for three months ending September 30 was 56.1, the strongest since the third quarter of 2015 when it was at 56.3. For the month of September gauge slowed to 55.1 from 57.3 in August as the pace of expansion dipped from the four-month high recorded in August.

"Although the headline purchasing managers index eased slightly in September, the average reading for the third quarter was the highest in two years, underpinned by strong growth in output and new work," said Khatija Haque, the head of Middle East and North Africa research at Emirates NBD.

"The survey suggest that economic growth accelerated last quarter, and that domestic demand remains solid, despite relatively modest jobs growth."

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While there was a decrease in new orders from abroad, the data suggested that orders from the domestic market rose. Meanwhile, the level of employment continued to rise in September, the seventeenth month in 2017, even though it eased slightly in August. As in previous months this year, companies said that they had dropped selling prices to attract buyers.

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Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

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2pm Formula One final practice 

5pm Formula One qualifying

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

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Director: M Night Shyamalan

Rating: 3/5

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The specs: 2017 Lotus Evora Sport 410

Price, base / as tested Dh395,000 / Dh420,000

Engine 3.5L V6

Transmission Six-speed manual

Power 410hp @ 7,000rpm

Torque 420Nm @ 3,500rpm

Fuel economy, combined 9.7L / 100km

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Brief scores:

Toss: Nepal, chose to field

UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23

Nepal 132-7: Jora 53 not out; Zahoor 2-17

Result: UAE won by 21 runs

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Director: Todd Phillips 

Rating: 2/5

RESULT

RS Leipzig 3 

Marcel Sabitzer 10', 21'

Emil Forsberg 87'

Tottenham 0

 

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Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

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Rajasthan Royals 153-5 (17.5 ov)
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Rajasthan won by 10 runs (D/L method)

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Rating: 4 stars

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Cricket World Cup League Two

Teams

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

Namibia beat Oman by 52 runs

UAE beat Namibia by eight wickets

 

Fixtures

Saturday January 11 - UAE v Oman

Sunday January 12 – Oman v Namibia

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Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
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