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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UAE is Developing a Significant Speed With India

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UAE - India

 

I want to share this new significant progress in UAE. It’s about how Indo-Arab relationship returns quite a while, and students of history gauge that it could have begun during the early time of the Sumerian administration in 2800 B.C. The civilisational attaches proceed right up 'til the present time, and this feeling of freedom is the actual reinforcement of UAE-India relationship.

 Looking at the presence of 3.42 million Indian residents in UAE clearly gives an extra aspect to the connection between them. The reciprocal exchange has now developed to $60 billion for each annum with the UAE turning into the third-biggest exchanging accomplice of India, and the exchange volume is ready to become much further. Curiously, almost eight percent of India's oil is obtained from UAE.

 It is imperative that the two nations' coalition is presently complex with UAE and Indian interests into one another developing at a sound speed. What's more the progression of speculation is upheld by the lawful system given by reciprocal venture deal (BIT) endorsed among India and UAE in December 2013. For me, the settlement safeguards UAE interests into India as well as the other way around. UAE is the 10th greatest financial backer in India with the absolute interest in the area of $10-$11 billion, yet the potential is significantly more.

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