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 Trust That UAE Has From Citizens Is Amusing

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UAE

 I want to share something interesting about what I read today. It’s how the UAE occupants' confidence in the public authority and their conviction about their future monetary situation in the UAE have considerably worked on this year, as per Edelman Trust Barometer 2022.

 Notwithstanding government and their monetary position, the occupants' trust filled in practically every one of the sub-files, for example, wellbeing specialists, managers, national bank, organizations, NGOs, media and worldwide bodies including World Health Organization, United Nations and European Union.

 For me, A portion of the key factors that have supported opinions of the UAE inhabitants could be opening up of the economy and improvement in the gig market with the start of the Expo 2020 Dubai and effective treatment of the Covid-19 pandemic - as UAE is the world's most immunized country against the pandemic. I can see that the trust in the UAE bosses and organizations saw a twofold digit increment, developing by 10% to 85 percent, and 11 percent to 78 percent, separately.

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