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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UAE in Leading the Digital Wallet Makes A Significant Role for Today’s Technology and Adaptabilty

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 I found out something exciting about my reading. It’s about how versatile cash administrations grow the extension in nations where banking entrance is low. Iraq's AsiaHawala and Egypt's Orange Money are encouraging a range of exchanges. These incorporate settlements for the unbanked, gifts for vagrants and help to outcasts. And with this, Suprisingly, UAE wallet suppliers have walked ahead by offering a total advanced encounter, being adaptable, utilizing cloud-local stages utilizing open-source tech and being quick and deft in dispatching items. These components should hold them in great stead in the years to come.

Actually with rivalry getting harder, advanced wallet suppliers should be deft in dispatching items and benefits and keeping a serious edge. Besides, open application programming interphase can go far in quickly coordinating with outsiders, like billers, traders and settlement suppliers. This is the perfect start for the UAE and the bigger area. The advanced wallet space will stay astounding for a long while to come. I hope everyone of us will stay tuned with UAE on this. 

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