Non oil business activity in the United Arab Emirates accelerated in February. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index rose to 57.1 in February from 56.6 in January. the output sub-index surged to 64.6 from 62.0 in January, the highest figure since June 2019. Attacks on vessels in the Red Sea by Iran-aligned Houthis have disrupted global shipping since November.