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,...

German chancellor flies to Kyiv, highlights crisis in the region

 

German chancellor flies to Kyi

After the United States, it is the European countries who are taking turns to intervene in the growing aggression from Russia towards its neighbors especially Ukraine. Germany is the recent addition to the list as chancellor Olaf Scholz landed in Kyiv to lead crisis talks.

On Monday the German official landed in the Ukrainian city for crisis talks as it found a ‘critical threat’ of Russian invasion. With his arrival, the German leader quickly talked to President Volodomyr Zelenskiy without wasting any time.

After the meet, he demanded a meet up with the Russian counterparts to explain why they have deployed over 100,000 soldiers at Ukraine's borders. European leaders have previously claimed that this threat is the worst crisis that can hit the continent.

This could also result in a cold war between two sides. The European leaders as well as the American side. The Russian president however asked for a rollback of the western interference in the matters of the eastern region.

They also stressed that Ukraine should not be joining NATO. The two sides are reluctant to step aside and are constantly aggravating the situation.

Earlier, Joe Biden had also warned the Russian president about possible sanctions by western allies if it keeps up its aggression towards Ukraine. The WHte house issued a statement warning Russia to back off as soon as possible to save itself from economic sanctions.

The Ukrainian leader also urged Biden to visit the country to show moral support however the White House did not make any mention of the situation in its readout of a 50- minute call. The US administration also stressed that all non-emergency staff must leave its embassy in Kyiv.

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