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,...

UAE launches its first lunar mission

 On Tuesday, UAE Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, announced the launch of Emirates Lunar Mission. The country took great pride in it as it is not only its first but even Arab world’s first lunar mission  The mission is believed to help the Arab country in building an innovative and enhanced space industry for the region.

Sheikh Mohammed bin Rashid wrote on Twitter, “We have launched the Emirates Lunar Mission, a 100% Emirati-made lunar rover that will land on the surface of the moon by 2024 in areas not yet reached by previous exploration missions. We named the rover Rashid” in honour of the man who sparked Dubais advancement.”

 Dubai ruler added that ‘Rashid’ would help the country to ‘send data and images for the first time from new lunar regions that will be shared with local & international research centers’.

 The mission was part of the country’s new ten-year strategy (2021-2031) designed by the Mohammed bin Rashid Space Centre, MBRSC, which included the development and launch of the first Emirati lunar rover named "Rashid". The lunar rover was named after the the creator of modern Dubai, late Sheikh Rashid bin Saeed Al Maktoum. MBRSC said that UAE would tie-up with an international institution to assist the rover in landing on the Moon.

 The mission, developed by UAE with the help of Emirati engineers, experts, and researchers, if turned successful, would make UAE the first Arab country and the fourth country in the world to land on the lunar surface after the United States, Soviet Union, and China.

With regard to the mission, Sheikh Mohammed bin Rashid said, "By exploring the Moon, we are drafting a new inspiring chapter in the UAEs growing list of achievements in space and beyond."

 "We chose to name the Lunar Rover 'Rashid', after the builder of the modern renaissance of Dubai and one of the founders of the UAE. This project is the largest national and humanitarian project in the region."

 "We have a large-scale space programme combined with an unwavering will, strategic governance and an ambitious cadre of scientists, researchers and engineers. The future awaiting us is full of achievements and innovations. What lies ahead is even more promising," he added.

 Yousuf Hamad AlShaibani, Director-General, MBRSC, said, "The Emirates Lunar Mission is a clear indication of the wise leadership's vision to invest in the country's future and contribute to advance knowledge in the global space sector. The culture of leadership and work has taught us that the secret of success is not the abundance of resources, but our ability to manage these resources and direct them in a way that serves our goals."

He added, "The data procured from the Emirates Lunar Mission will create a knowledge base that will help in building a research station on the Moon and answer questions related to the formation of both the Solar System and the planets in them. This will in turn put humans on the surface of the Moon one day."

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