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 authorities approve sale of Javelin missile systems to Poland

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The State Department has approved the possible sale of Poland's Javelin anti-tank missile systems in the amount of $ 100 million, including 79 launchers and 180 missiles to them.  This was announced on Wednesday by the Department of Defense for Defense Cooperation and Security.  It is responsible for delivering military equipment and weapons abroad under intergovernmental contracts, promoting ties between the US Armed Forces and other countries, and providing financial and technical assistance to Washington’s foreign partners in the defense sphere.

 "The State Department decided to approve the possible sale to Poland of 180 Javelin rockets and 79 launchers, as well as related equipment. Estimated cost is$ 100 million," it was reported.

 From Washington’s point of view, the deal is in the interest of the United States, "enhancing the security of [NATO’s partner and ally]." 

“The proposed sale will help Poland build its long-term defense potential in order to protect its sovereignty and territorial integrity,” the press release said.

The US administration has officially notified the US Congress of its decision.  The US legislative branch now has 30 days to study this new military contract and possibly block it.


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