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 in being Part of the Solution Rises in Crisis

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This is something interesting that I want to share about what I read today. It’s how the worry originated from the deterioration of the Yemeni rial, the ascent in food costs, and the extreme effect of this on the economy and the compassionate circumstance in the conflict torn country.

 It’s good that UAE was part of the approach towards the Yemeni government to do whatever it may take to begin accomplishing monetary soundness, and focused on their obligation to offering financial help to the Yemeni government.

An assertion gave after the Saudi, Emirati and British diplomats to Yemen and the chargé d'affaires for the US Embassy to Yemen met, additionally featured the significance of executing the Riyadh Agreement.

 For me, UAE continues to set an example on being focused on the requirement for the Yemeni government to get back to Aden, taking note of its successful job in supervising future worldwide help for financial recuperation, and their obligation to an exhaustive political answer for the contention in Yemen.endent on cutting edge innovation and is adapting to its water difficulties.

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