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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The UAE Aid To Pakistan Following Torrential Rains And Floods

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UAE

The President of the United Arab Emirates (UAE), His Highness Sheikh Mohamed bin Zayed Al Nahyan, has ordered urgent relief aid to the Islamic Republic of Pakistan as the country is witnessing torrential rains and floods that have caused deaths, injuries and displacements.

His Highness has also ordered the provision of all humanitarian relief services to the displaced people to improve their ability to overcome the challenges they are facing because of torrential rains and floods.

The UAE relief aid for Pakistan includes around 3,000 tonnes of food and medical and pharmaceutical supplies, and tents and shelter materials. The relief aid teams will also offer humanitarian support to Pakistani cadres and institutions in order to boost their efforts to secure the safety of the flood victims and their food, medical and logistical needs.

On Saturday, His Highness called Pakistan’s Prime Minister Shehbaz Sharif and offered condolences to the flood victims. Reportedly, the flood killed more than 1,000 people and displaced thousands in the country. His Highness reiterated the UAE’s full support to Pakistan in overcoming the ongoing crisis.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President, Prime Minister of UAE and Ruler of Dubai, also sent condolences to Dr Arif Alvi, President of  Pakistan, over the victims of the floods that hit Pakistan.

Reportedly, Pakistan’s Prime Minister thanked the UAE President for the urgent relief dispatched to improve the living conditions of the flood victims.

Around 110 districts in Pakistan have been destroyed by floods. A total of 949,858 dwellings have been demolished. Reportedly, more than 33 million people have been displaced following torrential rains and floods.

The government of Pakistan has also declared an emergency to deal with the situation as destructive monsoon rains continue to wreak havoc. 

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