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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A New Era of Digital Payments Rises in UAE

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I want to share something interesting about what I read today. It’s about how the world walks into another time in the midst of extraordinary conditions, exercises in the money and installments area have gotten perhaps the most disturbed attributable to quickly advancing inclinations. Thusly, specialist organizations are in a competition to expand their contributions for clients, who have a recently discovered propensity for using advanced intends to convey about their exchanges in straightforward and in-the-palm-of-their-hands strategies.

Looking at it, Every one of these and more will be handled at the second version of DigiPay: The Future of Digital Payments Summit, which starts today in Dubai. The occasion intends to help associations much of the time constrained to change their technique with regards to this key monetary vertical see every one of the components expected to keep pace as well as to remain on the ball with regards to both smoothing out their activities and serving their clients.

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