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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Egypt has unveiled a major new archaeological find of 250 sarcophagi

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Egypt


Mostafa Waziri, secretary general of Egypt's Supreme Council of Antiquities, displayed part of the cache, including 35 of the painted wooden coffins, in a televised event on Monday at the Unesco Heritage site south of Cairo.

Dating back more than 2,500 years to the Late Period, the sarcophagi are in good condition and all included mummies inside.

This is the largest number of coffins and bronze statues to be unearthed by the Egyptian archaeological mission at the site near the famous Step Pyramid of Djoser.

“I'm very proud that the discovery was made by Egyptians, and this will not be the last discovery here,” Mr Waziri said.

The find is one of several made at Saqqara, the necropolis of the ancient capital of Memphis, in recent years.

The Egyptian mission has completed its fourth excavation of the site since April 2018 and will conduct a fifth in September after the hot summer months.

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