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 Sets A New Agreement With Israel

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 I want to share this interestingprogress in UAE and it’s current steps. It’s about how the UAE and Israel have officially consented to an arrangement that permits driving permit holders in every country to acquire the other nation's driving permit. It’s also interesting that under this new arrangement, which will be executed soon, the drivers will simply have to introduce their unique driving permit and they will be given another driving permit of the country.

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For me, This will help the UAE nationals and occupants as well as Israeli residents who migrate to the two nations on an impermanent or long haul premise and need to acquire a driving permit.

 Looking at it, The UAE and Israel reciprocal exchange came to $700 million and more than 250,000 Israelis visited the UAE in the primary year subsequent to marking the Abraham Accord. Israel plans to increment exchange with the UAE to $3 billion three years.

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