UAE's non-oil private sector growth further eases in Dec.

The growth of the non-oil private sector in the UAE further slipped in December, for the second consecutive month, as waning demand prompted an ease in output and new orders, the latest SandP Global report showed. The deceleration in business activity dragged down the country's Purchasing Managers' Index to 54.2 in December from 54.4 in November. Even though the PMI fell slightly, the global consultancy firm said it does not mean that business conditions in the UAE are deteriorating. According to the SandP Global Index, readings above the...