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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How the Hope Mars mission will change how world looks at the UAE?

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Three countries--China, the United States of America and the United Arab Emirates---have been attempting to draw a road map to Mars for quite some time now and all the three countries will look to attain their goals this summer when Mars will be closest to the Earth.
The UAE being the first one to do that, hopes to send a satellite to Mars in the coming days to study its weather and climate. Hope--1.3-tonne probe is one of three missions launching to Mars this month. The US and China both have surface rovers in the late stages of preparation. After postponing the July 15 launch this week due to bad weather conditions, the spacecraft is ready to take off from Japan towards the end of this week. If this happens, it will make history as the Arab world's first interplanetary mission.
"This is the golden age of space in the UAE," explained Fatma Hussain Lootah, manager of the team's instrument science section. "This is the time we decided to stand out in maybe a sector nobody expected us to develop in, because it's knowledge-based, it's very science-based,” she further added.
The UAE has not always been the first one to think of in context with space research and technologies but with ‘HOPE’ the emirate will look to change this image. Of course there are a lot of risks involved considering the fact that most of the missions aimed at Mars fail, Hope project director, Omran Sharaf, recognises the dangers but insists his country is right to try. In an interview with the BBC, he says, “This is a research and development mission and, yes, failure is an option. However, failure to progress as a nation is not an option. And what matters the most here is the capacity and the capability that the UAE gained out of this mission, and the knowledge it brought into the country."
It will essentially change the image of UAE, as an arab nation being ‘just’ resourceful and not executive. This will be the nail on the wall for the arab nation. All things well, this project will be a benchmark for so- called powerful and also will open the doors for the coming age of the UAE with a solid proof.

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