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 President meets with Sultan of Oman

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UAE 

UAE President has met with His Majesty Sultan Haitham bin Tariq, the Sultan of Oman, at Al Alam Palace in the Omani capital, Muscat.

During the meeting on the first day of the UAE President’s state visit to the Sultanate of Oman, the two leaders spoke of the historical bonds between the two nations and discussed ways to strengthen these relations further.

His Majesty the Sultan welcomed His Highness Sheikh Mohamed bin Zayed.

His Highness Sheikh Mohamed bin Zayed thanked His Majesty for the warm welcome extended to him and the UAE delegation and expressed his best wishes to the Sultan and the people of Oman.

His Highness and His Majesty discussed opportunities for building upon the growing economic ties between the UAE and Oman and areas where the two nations can increase collaboration, including the investment, financial, industrial and cultural sectors.

Their talks centred around the two leaders’ shared vision for a secure and stable region that promotes sustainable development and supports a thriving economy where people can realise their full potential.

After the official talks, His Highness Sheikh Mohamed bin Zayed and His Majesty Sultan Haitham bin Tariq held a one-on-one session.


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