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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The Efforts Were Not in Vain Over UAE’s Anticipated Discovery

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Here’s something good that I want to share with what I read today. It’s about how the key monetary markers are highlighting a solid and supported post-COVID recuperation coming to fruition in Dubai. The most recent arrangement of information for Dubai certainty shows it is the most elevated in six years. The primary quarter of 2021 saw customer trust in Dubai ascending to its most elevated level since the second quarter of 2015.

For me, the general positive thinking in among the Dubai occupants is driven by the improved standpoint for the individual budget conditions during the following a year. The rising idealism is likewise determined by the huge advancement made in the immunizations and the progressive opening of key areas like travel, the travel industry neighborliness and retail adding to improved recruiting which is a positive progress for the country.

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