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00:00 The PMI in Dubai has risen to its highest level since February 2019.
00:11 What are the main reasons behind this?
00:14 The PMI in Dubai rose from 56.6 points in January to 58.5 points in February 2024.
00:28 One of the main reasons behind this is the increase in new jobs in February.
00:34 In this framework, we note that the level of jobs has decreased to its lowest level in five months in January.
00:44 But we notice the jump in February. Thus, the number of employees rose to its highest level in 8.5 years in February.
00:58 In this framework, we also note that the economic activity in Dubai has not been affected by the attacks on the Red Sea.
01:15 In this framework, we also note that the level of delivery has decreased.
01:22 And there has been a rise in the number of production facilities in the highest level in three months.
01:30 These were the main reasons and factors that supported the PMI in Dubai during February.