UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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 Steady Growth for Dubai Properties and The Things to Anticipate For the Next Years

 

Here’s something good that I want to share with what I read today. It’s about how Dubai property costs have now been steady for a quarter of a year on the run as the first occasion when that has occurred in quite a while which is actually surprising and good. In view of this, The visa and proprietorship rules have almost certainly moved the correct way and might be supporting the adjustment in finished land costs in both Dubai and Abu Dhabi.

Along with this, A large number of positive pointers have risen up out of the UAE land area as of late and not simply in Dubai. It comes as the nation slopes up its own development targets and presents business changes pointed toward making it more appealing to financial backers and occupants. For this reason, No wonder that future events will be even more positive and progress will be seen.

Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.