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,...

UAE is Setting a Flexible Investment in Digital App

 


Here’s something interesting that I want to share with what I read today. It’s about the Business Bank of Dubai that has dispatched a robo-warning speculation application, as interest for internet exchanging develops. Looking at it, the bank worked with Belgium-based wealthtech organization InvestSuite to create CBD Investr which is a versatile application that utilizations keen calculations to effectively oversee venture portfolios.

In my observation, This CBD Investr offers clients helpful admittance to all around the world enhanced and customized arrangement of stocks, securities and other resource classes utilizing ease trade exchanged assets. Just imagine that clients can utilize the application without a ledger with CBD. How interesting that Robo-exhorting exchanging stages including Robinhood, e-Toro, and the UAE-based Sarwa has been acquiring footing as of late, even sped up by the pandemic. Hence, this will give way for flexibility in investment. 

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