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 Collaborates to Israel to Achieve New Milestone

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I want to share something interesting about what I read today. It’s how Israel's top ambassador Yair Lapid expresses that more participation manages the UAE were not too far off, during a milestone visit to the Gulf country. We have sen hpw The UAE and Israel standardized ties in September, preparing for a heap of arrangements going from the travel industry and aeronautics to monetary administrations.

For me, Lapid was being friendly when he was talking as he opened an Israeli office in the business center point of Dubai, a day in the wake of opening the country's first Gulf international safe haven in the UAE capital Abu Dhabi. Looking at it, The half year worldwide exhibition, which Dubai expectations will draw in guests and lift the economy, is set to dispatch in October following a one-year delay due to the Covid pandemic.

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