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,...

NATO asks Russia to stay cautious regarding Ukraine

 

NATO - Ukraine

Russia has been continuously coming under scanner to spread hate against Ukraine and destabilize the internal matters of the country. On Tuesday, NATO foreign ministers warned Russia to not interfere with Ukraine's affairs and attempt to destabilize the nation.

NATO is concerned that Moscow is supposedly preparing for an invasion on its neighbour. The organization is worried that if things were to continue in the way they are then it  may result in worsening the internal affairs of Ukraine. Russia is heavily invested in Ukraine and it is building up heavy equipment and troops near Ukraine.

The location is not far from Belarus. As per Ukraine, Russia has appointed 0,000 troops in the area following which is the same location where a huge war game was conducted from Russia’s end. Even the Ukrainian president disclosed the findings of his country’’s intelligence unit.

Last week, Ukrainian President Volodymyr Zelenskyy stressed that they have found out that Russia-backed coup d'état is in position to invade the nation from an extreme end. Shortly after the allegation, Russia denied the charges but the Ukrainian official refused to believe.

Following the allegation, the United States also intervened in the matter. The U.S. Secretary of State Antony Blinken said, “We are very concerned about the movements we’ve seen along Ukraine’s border. We know that Russia often combines those efforts with internal efforts to destabilize a country."

He also stated that the US is keeping a close eye on Russia’s actions and if anything were to be found out in this department, Russia will have to face serious consequences for it. Even a lot of the European leaders have acknowledged Russia’s movement towards Ukraine,  however, other countries have played down the threat posed by Russian troops to the neighbouring nation.

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