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,...

Breakthrough: UAE develops rapid COVID-19 laser testing technology

In a major development in the fight against the novel Coronavirus pandemic, the United Arab Emirates has developed rapid COVID-19 laser testing technology that gives promising results within seconds. QuantLase Imaging Lab, the medical-research arm of the Abu Dhabi Stock Exchange-listed International Holdings Company, IHC, announced that it has developed equipment that will allow UAE to conduct rapid mass-screenings generating results in seconds. With the newly-developed equipment, UAE will be able to carry out testing at a wider scale.

At a time when scientists across the world are working tirelessly to devise faster methods of testing for COVID-19 suspected patients, the UAE is aiming to be recognized as a hub of research and innovation, with the development of this technology. This successful invention will enable mass-scale screening of Coronavirus cases, providing a new dimension to virus tracing and testing.
Dr Pramod Kumar, head of the research team at the UAE lab, said that the equipment uses a CMOS detector, enabling mass-scale screening which provides results in seconds. He stated that that the device is user-friendly, non-invasive and low-cost, adding that it is suitable for use not only in hospitals and public places like cinemas and shopping malls but for in-house testing and monitoring as well, with ‘little hands-on training’.

"Our laser-based DPI (Diffractive Phase Interferometry) technique, based on optical-phase modulation, is able to give a sign of infection within a few seconds. It will be a game-changer in tackling the spread of the coronavirus," Dr Kumar said according to a report by state news agency WAM.

Responding to the development, Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, expressed hope, saying that the UAE health officials are closely monitoring the progress of trials with QuantLase in order to test the equipment.

"We are always following innovations related to the early and rapid detection of COVID–19. The government is keen on supporting initiatives that help the healthcare system in the UAE. We are proud to see a technology that works and that will help to protect our people better."
Dr Pramod Kumar further mentioned that the process underwent several stages of tests, after which the machine has produced results with high accuracy in optimal control setup.
"With the first 1,000 tests, we refined our experiment and then applied it to the rest of the trials," he said.

He briefed about the significant role that artificial intelligence (AI) has played in the diagnostic system, stating that the lab is using G42, a leading AI and Cloud Computing company, to further enhance the laser program.
Nader Ahmed Al Hammadi, member of the Board of Directors at IHC, expressed pride in contributing to UAE's fight against the global pandemic. He said: "IHC is proud to play a role 

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