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's air bridge operation to provide aid to flood victims in Pakistan

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Pakistan
The Joint Operations Command, which is the Ministry of Defense's representative, has started running an air bridge to deliver humanitarian aid from the UAE to Pakistan.

In order to contribute in attempts to lessen the suffering of individuals affected by torrential rains and floods, the relief aid includes shelter supplies, humanitarian necessities, food, and medical parcels.

  The action is in accordance with President His Highness Sheikh Mohamed bin Zayed Al Nahyan's orders to support the friendly people of Pakistan in any way possible in light of the effects of the most recent floods.

The first Emirati relief jet arrived in Pakistan this morning, according to Hamad Obaid Ibrahim Salem Al Zaabi, the UAE Ambassador to Pakistan. Other relief flights will arrive in Pakistan over the next few days to give the necessary help, he added.

The UAE has helped Pakistan during the past few years to lessen the severity of numerous humanitarian crises, particularly those related to natural catastrophes, he continued, and this action shows the strength of relations between the two nations.

Based on the worldwide humanitarian role of the UAE, whose values were established by the late Sheikh Zayed bin Sultan Al Nahyan, Al Zaabi emphasised that Emirati solidarity extends to giving a helping hand to all impacted populations around the world.

As international aid started to trickle in following the cash-strapped government led by Prime Minister Shehbaz Sharif's desperate appeal for assistance to deal with the crisis that has forced 33 million people, or one-seventh of the country's population, into displacement, the death toll from the devastating floods in Pakistan approached 1,100 on Monday.

Sherry Rehman, Pakistan's minister for climate change, referred to it as the "monster monsoon of the decade," and Miftah Ismail, its minister for finance, estimated that the floods cost the country's economy $10 billion.

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