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,...

An Encouragement from Joe Biden is Something You Might Want to Consider

 


Here’s something I want to share about what I read today. In his discourse before the Munich Security Forum a month ago, US President Joe Biden tried to console European partners about the strength of the transoceanic collusion. Ordinarily in his discourse, he attested shared qualities and shared majority rule esteems between the US and Europe. The president made no notice of general qualities and accidentally subverted his require an all around acknowledged guidelines based global framework. By speaking to overseas qualities, the president gambled seeming to advocate Western qualities at the prohibition of all others  the leftover 85% of humankind and in this manner welcome counterclaims of relative profound quality.

 The Asian qualities idea is the central adversary for Western qualities. It was made well known by pioneers in China, Malaysia and Singapore, among others, who utilized it for political activation against calls for delegate government and common freedoms.

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