UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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,...

There’s Something More Aside from this Pandemic Season We’re in

 



Amidst the pandemic, there’s a known sporadic outbreaks arising mainly on the African continent, it is a lethal illness called Ebola Virus. Initially, the infection travels to humans by close contact with animals' blood, bodily fluids and tissues. Another thing, a close contact with body fluids of a person who is ill with or has died and the Ebola virus then spreads to other individuals.

 But here’s a plot twist as Guinea has now announced an Ebola outbreak. The estimates so far are small as seven people who attended her funeral have since been diagnosed after a nurse died of the disease in late January. Knowing this, it’s a tough battle but the government tells residents that all efforts are being taken to eliminate this epidemic as soon as possible.

 And people are hoping to get this resolved as soon as possible. 

Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.