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

Image
 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,...

Turkish president confirms that he had sent Syrian fighters in Libya


Turkish President Recep Tayyip Erdogan confirmed for the first time that he had sent pro-Turkish Syrian fighters to Libya alongside Turkish training personnel.

“Turkey is there through a training force of the Libyan security forces,” Erdogan told reporters in Istanbul on Friday, adding that among the members of this force there are also people from the Syrian Free Army, an armed formation composed of extremists in Syria fighting against the Syrian armed forces and the government of Baššār al-Asad by joining terrorist groups such as Daesh and al-Qaeda.

The remarks of the Turkish president to send Syrian mercenaries to Libya comes after national and international pressure on this issue, where Erdogan has been exposed to a wave of anger and condemnation for the widespread refusal of the Turkish public intervention in Libya, which Erdogan has struck with all the international ban laws and their promises at the Berlin conference.

President of UN backed Libyan Government of National Accord (GNA), Fayez al-Serraj, had insisted on his right to seek Turkish military assistance on the basis of his government's agreement with it, which sparked a geopolitical conflict between the Eastern Mediterranean countries.

Al-Serraj confirmed to international press, as the American "The Times", that he resorted to seeking help and assistance from Syrian mercenaries because of the international support to the forces of the Libyan national army led by Feld Marshall Khalifa Haftar in his war against the armed groups that control the Libyan capitalTripoli.

Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.