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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Johnson Welcomes New MP And Subtle Cabinet Reshuffle

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Boris Johnson is a happy confident politician whose win shows that the loyalty of the British people lies with the Conservatives. It is a total win as Laboured held regions are also going to be represented by the Conservatives.

This movement has led to the Conservatives securing 80-seat majority and Johnson is all set to greet the new MPs this week. There is confirmed news that he will carry out a mini cabinet reshuffle. But for starters, he will need to appoint the vacant spots of culture and Welsh secretary posts. The candidates holding these positions had stepped down before the general elections.

Alun Cairns step down after pressure from the public over the allegation that is former aid sabotaged a rape trial. Nicola Ann Morgan stepped down on the thoughts that British politics had become stingy and the people merciless in categorizing or scrutinizing MPs.

The Queen is set to open the Parliament as she sets out the government’s legislative programme. The MPs will first be tackling the Withdrawal Agreement Bill (WAB) on leaving EU.  The top of the agenda for Boris Johnson remains getting Brexit done before January 31.

Post this, Boris Johnson would be see negotiating a new trade agreement with the EU and have it ratified (if need be). The ratification will have to come through before December 2020 with the intent that this transition period does not have to stretch. 

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