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 Prestige Culmination That UAE Will Lead Boosts The Nation’s Attention

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UAE Will Lead Boosts The Nation’s Attention

 I want to share something great about what I read today. It’s how His Highness Sheik Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will gladly lead the UAE delegation to the 42nd culmination of GCC pioneers in Saudi Arabia. It’s not surprising that the security of the locale and GCC solidarity would be among the critical things on the plan.

 I can see that everyone is looking forward to this. In fact, It is not unusual that the summit is held every year to talk about progress in accomplishing coordination, mix, and relationship between the Gulf states in the monetary, business, instructive, and social fields to upgrade the advancement of their nations and the people. But looking at the achievement of the country, it seems like greener pasture and innovations will continue to take place with their undeniable victory for the past years. How amusing. 

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