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,...

What is AUKUS, EastMed Pipeline, and the Franco-Greek Deal and their Geopolitics?

AUKUS- Geopolitics

 

The AUKUS will have a cascading influence on the world, and the EU member states should deal with the deficiency of authority and the shift of America's geostrategic focus of concern to the East to tackle the Chinese dominion and extremism.

 As per the analysts, the arising "Quad" deal between the four nations, such as U.K., India, Australia, and Japan, to counter China decreases NATO's significance in the Indo-Pacific.

 Following Angela Merkel's departure from frontline politics and the discretionary blow of AUKUS, France's first response was to fortify its relations with Greece and expand its presence in the Eastern Mediterranean region. 

 French President Emmanuel Macron has openly reprimanded Turkey's action on the Greek people. After marking the Franco-Greek deal in Élysée Palace, he also mentioned that "it will assist in ensuring the power, freedom, and the regional integrity of both nations." 

 On the other hand, The EastMed pipeline has consistently confronted issues with the gas deposits expected to support it. The Israeli-Egyptian deal to develop a subsea gas pipeline from the Israeli Leviathan gas field (at first planned to be provided through EastMed) to offices in Egypt. 

 Similar ideas to move sizable amounts of gas from the Aphrodite Cypriot gas field (additionally intended to be provided through EastMed) to Egypt raises further questions about the task. 

 Despite the possible weaknesses of the EastMed, it produces a novel chance to survey the new Franco-Greek deal. Using the proposed pipeline might demonstrate a powerful instrument to contain the Mavi Vatan revisionist teachings. 

 Experts see a connection between AUKUS and the US support for France to seek a more motivating role in the Eastern Mediterranean through the Franco-Greek agreement that reinforces the Greek military. For example, Athens recently ordered 18 Rafale fighter planes and prepared to obtain six more later.

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