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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Sheikh Mohammed bin Rashid adopts the new structure of the UAE government

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The United Arab Emirates adopts a new structure for the government which involves merger of the ministries and agencies. The decision was announced by the ruler of Dubai, also the Vice President of the UAE Sunday at noon with an aim ‘to produce a government that is more flexible and fast and keeping pace with change,’ as told by the ruler himself.
This is not an immediate move rather the Sheikh announced in the month of May itself that ‘the country would review the structure and size of its government as part of its strategy for dealing with the effects of the coronavirus pandemic.’
In an effort to the fast pace of the world, this decision comes as no shock to people as the UAE has always been known to keep a step ahead in the matters of technology and progressive world. The new structure reflects "a flexible and fast government whose goal is to consolidate the achievements and gains of the country," said Sheikh Mohammed.
"The new government has one year ahead of it to achieve the new priorities, and constant changes will remain the motto of the next stage, reaching the best government model that accompanies the new era ... and achieves the aspirations of the people of the Emirates during the next stage," he added.
Here are few of the major mergers that the government will be going through-
●      Sheikh Mohammed announced that they will be creating a new ministry for Industry and advanced technology which will me merging with the Emirates Authority for Standardization & Metrology (ESMA)
●      The ministry of Energy and Infrastructure will also be seeing a new minister who will be overlooking the Zayed Housing Program and the Federal Authority for Land and Maritime Transport. Oil Minister Suhail Al Mazroui has been named the minister of the newly formed Ministry of Energy and Infrastructure.
●      The ministry of economics will be consisting of three ministers namely- Abdullah bin Touq Al-Marri will be the Minister of Economy; Ahmed Belhoul will be the Minister of State for Entrepreneurship and Small and Medium Enterprises; while Thani Ahmed Al-Zeyoudi has been named as the Minister of State for Foreign Trade.
Apart from these, nearly every ministry has gone through mergers including media council merging with the ministry of culture and the Human resource office will be working with the UAE Prime Minister's office.  

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