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,...

UAE’s Remarkable Approach To Climate Change Strengthens

 

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Here’s something good and beneficial for most of us and I hope that you’ll join me with this. It’s how UAE sees environment activity as a key empowering agent of strength and financial success and will look to advance environment progress through the UN's Conference of the gatherings (COP) process and any remaining important discussions in the approach facilitating COP28 in 2023.

 Looking at it, While environmental change stays a gigantic worldwide test, the world is really in a vastly improved situation after COP26 than it was only a couple of months prior, as 90% of the worldwide economy is currently dedicated to net zero. That responsibility conveys a monstrous market message, and obviously an opportunity to put resources into low carbon arrangements is at the present time. This is, indeed, a multi-trillion-dollar valuable chance to make new positions, new enterprises and totally different areas.

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