UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Turkey accused Macron of intention to create a "terrorist state"

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Turkish Foreign Minister MevlutCavusoglu said on Thursday that Ankara does not accept the words of French President Emmanuel Macron regarding the Turkish operation "Source of Peace" in Syria.

"The words of Macron do not mean anything, he is the patron of terrorists. As German Chancellor AngelaMerkel has already said, Turkey is a NATO country. Macron must adhere to the position of its allies," said the minister.

According to Cavusoglu, Turkey with a new cross-border operation impeded France’s plans to create a terrorist state in Syria.  "Macron wanted to create a terrorist state, and he is upset because of the operation" Source of Peace ", and now does not understand what he is saying," Turkish Foreign Minister said.

Relations between Ankara and Paris escalated due to the fact that the French side supports the Syrian Kurdish Popular Self-Defense Forces (SNA), which Turkey considers an offshoot of the Kurdistan Workers Party (PKK) banned in the republic.

Earlier Thursday, President Macron said Turkey could not “declare adherence to the union, demand solidarity, and, on the other hand, confront the allies with the accomplished fact of military intervention, which jeopardizes the Allied operation against terrorists  "

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