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Dubai business growth back to pre-Covid path as vaccines pay off

Business activity in Dubai rose to the highest level since late 2019 after a rebound in tourism and rapid distribution of coronavirus vaccines. The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit. Its Purchasing Managers’ Index for the Middle East’s main business hub rose to 53.5 from 51 in March. In the overall United Arab Emirates, of which Dubai is a part, business conditions have also been improving. Inoculation efforts in the Arab world’s second-largest economy and a recovery in oil prices have