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,...

A Progressive Boost in E-Commerce Intensifies for UAE



 Here’s something great that I want to share with what I read today. The amazement continuous as the UAE recorded an expansion in online shopper spending essentially determined by a 21 percent bounce in the quantity of online shops as the world saw a remarkable blast in retail e-Commerce with an extra $900 billion being spent in 2020. Like wow! That’s a good progress. 

As I can see, The UAE is one of the main online retail market around there, additionally they even saw a 44 percent year-on - year bounce in the quantity of high-volume eCommerce exchanging accomplices from 2019 to 2020. Looking at it, Dubai’s Future Foundation will advanced the economy through 4.3 percent to the nation's GDP. Given the latest thing, the internet business industry in the nation is set to reach $62.8 billion by 2023. Unexpectedly in this pandemic, the fundamental retail areas, which had the littlest advanced offer before the emergency, considered some to be the greatest additions as buyers adjusted. With new buyer propensities shaping and given the low pre-Covid client base, we expect worldwide that 70-80 percent of the staple online business flood to stay for great.

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