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,...

How Erdogan Has Indirectly Favoured ISIS

As Erdogan gears up to bully the Kurds out of their own land and clear off the Northeastern parts of Syria, his role of favoring the ISIS is becoming clearer.
Reports have been doing rounds that if Turkey has not stopped them; it has neither done anything to control its movement across its border either.

It has been reported on many instances that ISIS have moved across the Syrian Turkish border and gone unchecked.  Strangely, it was Russia which sounded the warning cry against Turkey in the first place. Today, both arch enemies have united forces in Syria and seem to be watching each others’ back against US.

Meanwhile, NATO and the EU nations are troubled with the way Erdgoan is becoming an authoritarian dictate. He is flaunting every rule possible and been pushing for a safe zone in Syria to re-home 3 million Syrian refugees. Little is known that the 30 km stretch will give him direct access to Syria’s rich oil reserves. While US had thought it could have got a strong hold before hand, retracting its forces that had been helping Kurdish forces and holding back ISIS was a bad decision on Trump’s part.

It has gone in Erdogan’s favour. Now, he can continue to support ISIS and not be held up for it either. But when Turkey shot down a Russia Sukhoi, all hell broke loose, as Putin spilled the beans on how Turkey was buying oil off ISIS to keep them funded and hence wanting a strong hold in Syria.

In a press statement, Putin could say, “We have every reason to think that the decision to shoot down our plane was dictated by the desire to protect the oil supply lines to Turkish territory.”
He continued his harsh remarks, clearly identifying Turkey as ISIS’s henchman, “This incident stands out against the usual fight against terrorism. Our troops are fighting heroically against terrorists, risking their lives. But the loss we suffered today came from a stab in the back delivered by accomplices of the terrorists.”

It has been later discovered by US sources that while the amount of oil being smuggled in rather low, Turkey does not stand to gain monetarily. The only other plausible explanation can be that Erdoğan is not interested in the benefit that would accrue from the trade but rather in ‘allowing jihadists to sustain their campaign through the income they generated from the smuggling of oil to Turkey by means of brokers.’

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