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 and India Relation is Getting Stronger

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UAE and India

 I want to share something interesting about what I read today. It’s how the UAE-India Comprehensive Economic Partnership Agreement (CEPA) that happened is a forerunner to comparative economic agreements that Abu Dhabi is closing up with different nations that could permit free development of merchandise with zero duties.

 For me, This improvement could likewise introduce Globalization 2.0, where reciprocal settlements could outweigh more extensive worldwide arrangements and could push streamlined commerce to a higher level, however such agreements aren't without their reasonable portion of pundits who say that they are restricting in scope and nationalistic in nature.

 Looking at it, The UAE's arrangement with New Delhi was done in record time during the pandemic when worldwide stock chains were affected and a few basics were hard to come by. Positions were lost and industry was sad. The world was surprised and worldwide administration was delayed to respond to what individual nations required.

 

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