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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Mohammed bin Rashid’s vision for sustainable development

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His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for sustainable development and his keenness to transform it into the world’s best lifestyle, leisure, tourism and investment destination through a strategic framework that seeks to shape a bright future for the emirate and meet the highest aspirations of its diverse population.

Abdullah Al Basti, Secretary-General of The Executive Council of Dubai said: "Dubai’s ambitious vision for development strikes a balance between growth and sustainability as part of efforts to make it an integrated smart city that serves the needs of its people. 

These efforts are guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai to transform Dubai’s development in various fields. 

The new Master Plan, which contributes to strengthening the foundations of sustainable development and ushering in a glorious future, is one of the cornerstones of Dubai’s plan to enhance the happiness of its people and boost social, environmental and economic wellbeing. The Master Plan integrates world-leading smart urban planning standards and design principles to support the ultimate goal of making Dubai a global leader across sectors."

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