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 gets the crown for most desired nation in the Arab world ninth time in a row

 

Once again this year, the United Arab Emirates, has been selected as the most desired nation to live in by young Arabs.

 The UAE has been selected for the ninth time in a row by people who prefer it over more talked about countries such as Canada and the United States of America. The 12th Annual ASDA’A BCW Arab Youth Survey released today, the model nation has been selected by 46 percent of the young population.

 The choice of selecting UAE as their desired nation might be due to the increasing number of initiatives taken by the government in the interest of people. It is followed by the US, Canada, the United Kingdom and Germany.

 His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai also addressed the issue saying that it was painful to see that almost half the youth wanted to emigrate from the country as they don’t feel safe in the country. Just three per cent of Emiratis aged 18 to 24 responded they were either “actively trying to emigrate” or “have considered emigrating”. In the same age group, least likely to prefer emigration are Saudis and Omanis behind the Emirates.

 The Sheikh also asserted that if the youth thinks that the government is corrupt, it would have ruined the country till now.  Every official is responsible before God, he added. Only one percent of the people selected ‘corruption’ when asked about their view on the government.

 On the contrary to the claims of these people, UAE is among the countries witnessing the fastest development model. While addressing UAE being the most preferred nation among youth, the PM said that the country is for all and open to all. He added that the UAE has built a successful model and its doors will remain open to all.

 The survey was one of the largest in the regions and included 17 Arab countries. The Emirati nation tops the list with people from other countries selecting UAE as their preference asking their country to emulate the model of the UAE. The US ranks second with 30 per cent, followed by Germany (23 per cent), Canada (21 per cent) and Japan (20 percent).

 When asked what are the factors that drive them to the UAE, many of them (44%) responded with safety and security while work opportunities and handsome salary packages were also listed among the reasons for them to choose UAE.

 What has also worked for the UAE is the fact that most of these people from the Arab world consider UAE an ally of their nation. It is being regarded as one of the rising powers among the Arab nations followed by Saudi Arabia and the US.

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