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 Continues to Unlock it’s Potential as a Global Contender

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Here’s something good that I want to share with what I read today. Surprisingly, The UAE will permit outsiders to begin an organization without an Emirati investor from one month from now as the territorial competition to pull in venture warms up. Looking at it, previously organizations required either to have an Emirati investor or be situated in a devoted business park known as a free zone.

For me, The declaration comes as Gulf governments increase endeavors to pull in unfamiliar financial backers. Saudi Arabia thinks recently it would quit marking contracts with unfamiliar organizations from 2024 except if their territorial base camp were situated in the Kingdom. But as the adjoining UAE has additionally reported various different motivations to urge firms to set up bases in the country which sets them to the next level of progress and it’s something to anticipate.

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