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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Sheik Hamdan’s Legacy and Victories for UAE is Incomparable

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I found out something exciting about my reading.It’s the life of Sheik Hamdan as a minister and he had the duty of ensuring the UAE's new oil abundance was utilized to build up a foundation that would profit every one of its kin, subsidizing streets, emergency clinics, power and water. On the world stage, he was the UAE's central agent to the International Monetary Fund and the Opec Fund for International Development.

He will be remembered as someone who had a huge impact in UAE. The victories of Sheik Hamdan will likewise be associated with his commitment to training, science and altruism, giving liberally for the duration of his life. In association with Unesco, the United Nations' social association, he made the Hamdan receptacle Rashid Al Maktoum Award for Distinguished Academic Performance, to improve the nature of instruction and education in the nation.

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