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,...

Cases of Omicron's new 'XBB Variant' now 'Rising' in India

 

Omicron'

Omicron’s new XBB subvariant is now increasing in India. XBB, a “recombinant lineage” between two Omicron sublineages, BA.2.75 and BJ.1, is currently present in four states.

The new variant has now accounted for 71 cases in a few states of India, with Maharashtra reporting its first 5 cases on Thursday, followed by West Bengal, Odisha, and Tamil Nadu on the list. Odisha reported 33 cases in a fortnight, West Bengal reported 17 cases and Tamil Nadu reported 16 cases. Scientists said that BA.2.75 was responsible for approximately 88% of new infections in India, while the XBB subvariant was responsible for approximately 7% of all cases.

The XBB subvariant has also been reported in other countries including the United States (US), Australia, Bangladesh, Denmark, Singapore and Japan.

Reportedly, the variant is increasing rapidly in Singapore. XBB subvariant is currently dominating all other Omicron sub-variants in Singapore. Dr Leong Hoe Nam of Rophi Clinic, an infectious disease expert, said that the new subvariant has become the leading virus in Singapore. However, the health ministry said that there is still no evidence of the subvariant causing a severe outcome.

Earlier this year, scientists said that the Omicron Covid variant was much deadlier than other variants. The WHO (World Health Organization) also designated Omicron as a “variant of concern.” The Omicron variant was first reported in South Africa.

XBB variant

According to experts in Singapore, the XBB variant is more ‘transmissible’ than the previous COVID-19 variants. It is also known as BA.2.10, which evolved from the BA.2 Omicron subvariant strain.

According to the president of the Asia Pacific Society of Clinical Microbiology and Infection, the subvariant has emerged in countries with high vaccination rates. The president explained that all viruses evolve and become more transmissible and less virulent with time.

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