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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US intends to conduct new trade investigation against EU

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The US administration is considering the possibility of starting a new trade investigation against the EU amid the fact that the head of the White House, Donald Trump, has not yet begun to impose duties on European cars.

Previously, it was assumed that measures against the automobile industry of the EU will be introduced by November 14 or postponed for six months.  Thus, the publication notes, imported cars, and spare parts will no longer be regarded as a threat to national interests, but goods from the European Union will come under a broader investigation.  "This will create a situation that will give the president leverage over the EU," the source said.

The publication doubts that the head of the White House will resort to article 232 of the American law of 1962, which allows duties to adjust imports of goods from other states, based on national interests.  "The investigation under article 301 of the 1974 law on trade will be potentially much wider and will affect a large number of industries," the publication said.

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