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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A Global Level For Exchanging Ideas

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Global Level

I want to share something interesting about what I read today. It’s how a country succeeds when it underwrites gifted personalities. Social orders need exchange that flash discussions and shape talk. The last decade has seen significant changes in the UAE, ones where Arab youth are urged continually to approach and exhibit their ability while honing their abilities.

 This is a demonstration of the country's obligation to enable the young. As of late, Sheik Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, reported another drive to distinguish and uphold 1,000 Great Arab Minds in the fields of physical science, arithmetic, coding, examination and financial matters.

 While the Museum of the Future will fill in as the base camp for uniting the ability, plans are in progress to work together at a worldwide level for more noteworthy trade of thoughts. For me, The drive is one of the most stupendous that has been declared lately, which additionally implies the quest for the splendid personalities will be fastidious.

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