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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The Seal for A Bright Future in UAE

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 I want to share something interesting about what I read today. It’s how the UAE has consistently had confidence in molding its own way to progress. The nation will check its achievement 50th year with 50 thousand activities focused on enhancement and reinforcing of its economy. The declaration comes before long the VP said the most noticeably terrible of the pandemic is currently behind and is an intense move when nations across the world are winding up adapting to the pandemic-prompted monetary strain.

 It is absolutely proof of their wide vision to set out open doors for the nation's financial and social development with headways in unfamiliar direct speculations, boosting the UAE's status as a hatchery for gifts and financial backers from across the world and further working on the personal satisfaction for its residents. For me, The task has its look on different areas, which focuses to an assurance to expand the public economy and make the country a worldwide center point for significant organizations.

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