UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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,...

Ticket service scams on a rise during holiday season

 

holiday season

Inbound and outbound travelers from the Emirates are searching for fascinating and affordable destinations to visit as the UAE enters its busiest summer travel season. Travel industry experts claim that demand for inexpensive hotels and flights has increased.

 However, as the travel and tourism industries see growth, cyber security experts claim an increase in con artists looking to cheat enthusiastic tourists. A number of phishing pages masquerading as airline and booking services have been distributed, according to top researchers and specialists from Kaspersky, a global cybersecurity and antivirus company.

 The majority of journeys begin with a plane or train ticket, and bargain-hunting travelers are common, according to Kaspersky security specialist Mikhail Sytnik.

 "We have come across a lot of fraudulent websites that claim to allow consumers to purchase aircraft tickets for less money. According to Sytnik, these websites are frequently expertly constructed phishing pages that imitate well-known airline businesses and ticket brokers.

 Some of these websites even provide information on actual flights, he added, thanks to skilled phishers who make search requests to flight aggregators and display the results.

 However, they keep the traveler's money and exploit personal information for illicit reasons rather than providing the promised plane tickets."Many bogus pages are making an effort to entice travelers with gift cards, lotteries, and airline ticket drawings. Users are given the option to complete a brief survey and provide their information in exchange for a sizable discount on an airline ticket, according to Sytnik.

 Such websites wind up being phishing sites, gathering the personal information and credit card information of victims, much like many other offers that look too good to be true, he continued. The prompt to share the website with friends in order to win the prize frequently follows the survey's conclusion. In these situations, fraudsters use the victims as a weapon to spread the con farther.

 "A connection from a known source seems more reliable than one from an unknown source. When a person clicks on the link and tries to claim their prize, they frequently discover they must first pay a commission or fee. The fraudsters then vanish without compensating the user after receiving this money, according to Sytnik.

 Utilizing phony rental businesses is another common scheme to con unsuspecting tourists. Offering a luxurious two-bedroom apartment near the city's center for only €500 a month is one instance.

 The rental of a complete four-bedroom home with a pool and fireplace for under €1,000 for an entire month is another alluring offer. The reviews speak highly of the wonderful trip and the gracious hosts. Users are encouraged to pay for their month-long stay as a result. Nevertheless, they wind up transferring their money to con artists," he continued.

 "Vacation planning is difficult. People may hunt for the ideal lodging and the necessary travel arrangements for weeks or even months. This is how scammers entice people who have grown weary of looking for amazing discounts. Travel is now again possible after the pandemic's two-year airplane ban. However, travel scams are also on the rise, with more fraud targeting consumers through phony rental and booking sites, according to Sytnik.

 Such attacks are avoidable, so we advise consumers to be wary of offers that seem too attractive. According to him, if an offer looks too good to be true, it probably is.

Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.