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,...

Trudeau Prepares To Deliver His Second Term Agenda Of ‘Collaboration’

The current Canadian Prime Minister Justin Trudeau is only concentrating in offering an agenda of collaborative effort and thoughts for the betterment of Canada. He is now slated to unveil the agenda for his weakened one is hoping to reach out to the opposition for support on tax cuts, healthcare and fighting climate change.

While he has not been able to put together a majority government and will have to do with an alternate version, he is heading the second term as PM that has been met with hot and cold responses from Mr. Donald Trump.

In the recently concluded elections, Trudeau won by a narrow margin and could establish a minority government. This means that in his second term, he is depending on the support of the other parties to govern. “We seek hardship for none and prosperity for all, and if we unite around these common goals, I know we can achieve them,” Trudeau told cheering supporters in Montreal. He said Canadians had sent a clear message of support for progressive policies.

In recent Canadian history, minority federal governments have lasted an average of about two years. Political analysts believe that Trudeau would need the support of atleast one more party to remain in power for longer. While none of the other three parties have come up to support him, they are neither heading for another voting session either. There is peace amongst the opposition parties.

Officials say that Trudeau’s speech would be presenting a collaborative tone, wishing to take along the Quebec’s separatist Bloc Quebecois, with 32 seats, on fighting climate change and protecting the environment. It will include the Liberal campaign pledges that invite a national prescription drug plan or ‘pharmacare’.

Andrew Scheer, the leader of the right-leaning Conservative Party seems like the only one wishing to give Trudeau a fight, but his own position is now shaky keeping in mind that he has not been able to defeat the current winning man. 

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