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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Authencity is Significant For All CEOs

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Authencity-CEOs

I want to share something interesting about what I read today. It’s how it struck to me that this single appearance has changed the correspondences scene in the Middle East, where most business pioneers experience the ill effects of  “tall poppy disorder'” and are reluctant to stand up in dread of being chopped down to estimate by peers or, almost certain, states. Looking at it, it was a finance manager unafraid to stand up on an issue all the rage, yet which each territorial CEO needed to keep away from no matter what. 

In my observation, Nowadays, CEOs in the Middle East have an obligation to stick their heads over the railing, and a resulting industry board meeting facilitated on this issue: Should CEOs, and the organizations and brands they address, stand firm on arrangement making and policy centered issues? 

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