UAE Non-Oil Business Activity Surges to Nine-Month High in December

-
Image
 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,...
Post a Comment

Elon Musk considers charging Twitter users $20 a month for verified accounts

-

Elon Musk

After purchasing the social media giant, the world’s richest person, Elon Musk, has planned to revamp Twitter. He is also considering charging Twitter users $20 (£17.30) a month or $240 a year for a blue tick on their Twitter account.

He has planned changes to Twitter’s Blue subscription service, according to tech newsletter Platformer. Twitter users verified by the platform would have 90 days to sign up to Blue tick or lose their check mark.

Musk reportedly wrote on Twitter, “the whole verification process is being revamped right now.” However, he did not reveal his plan on Twitter. Tesla CEO also flagged a Twitter poll on Monday morning, asking Twitter users how much they would pay a month for a blue tick. He also gave them three options: $5; $10; $15; or “wouldn’t pay.”

Musk also launched a poll on Monday, asking users if he should bring back Vine, the video-sharing app, shut down by Twitter in 2016.

Musk bought Twitter on Thursday after months of uncertainty and speculation. He also went through internal communications sent by staff in the run-up to the Twitter takeover.

After acquiring Twitter, he fired top Twitter executives, including the CEO (Chief Executive Officer) Parag Agrawal, the company’s legal head and policy maker Vijaya Gadde, and CFO Nel Segal.

He made a bid to buy the social media company for $44 billion in April. Later on, he backed away from the deal, alleging that the social media giant gave him wrong information about bot and spam accounts on the platform. Consequently, Twitter sued Musk to force him to complete his deal. After a months-long saga full of twists and turns, he finally agreed to buy the platform in October.

On Friday, the former president of the United States, Donald Trump, said, "I am very happy that Twitter is now in sane hands.”

Comments

Post a Comment

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

-
The visit of H.H Sheik Khaled bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi to India is more than just a mere ceremonial occasion; this visit stands as a clear testimony of the longevity and dynamism of UAE-India relations. This association has become complex over time involving not just the economy but also major concerns such as sustainable development, trade, climate action etc. The dynamic relationship between the two nations has been redefined from their historical links into contemporary strategic alliances which makes this visit a natural follow-on from long-standing ties. Relationship between UAE and India are very historical in nature that started during the time when Sheikh Zayed bin Sultan Al Nahyan was the founder of UAE, whereby his coming to India in 1975 established strong cultural and diplomatic ties. This has been done through several high-profile exchanges including the signing of the Comprehensive Strategic Partnership Agreement in 2017 which made these...
Read more

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

-
In order to honour the International Day of Charity, the UAE reveals fresh projects which epitomize its determination to assist people globally. Among these are the Zayed Humanitarian Legacy and the MZB Water Initiative. The goal of the Zayed Humanitarian Legacy is to expand on the vision of Sheikh Zayed bin Sultan Al Nahyan who has passed away, by emphasising on sustainable growth as well as aid in times of crisis. On the other hand, MZB Water Initiative aims at supplying clean water solutions in communities that are truly in need and which is one of the most pressing challenges faced by many areas today. Infographics presenting these projects indicate a holistic approach for long term assistance hence positively affecting lives for years to come. The UAE’s humanitarian contributions are not only remarkable for their magnitude but also because they have been directed towards purposes that are strategic in nature. Since 1971, the UAE has been able to donate approximately 360 billion di...
Read more

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.

-
The advance made by the United States in the approval of cutting-edge Nvidia chips to G42 is a historic development for UAE’s artificial intelligence ambitions. This strategy thus not only represents significant technological growth but also marks an important political milestone for UAE that wants to portray itself as a global hub for technology. In particular, accessing advanced AI technologies such as Nvidia’s H100 models has been significantly hindered over the years due to fears about UAE-China relations, with the US tightening its export restrictions in the area. However, this recent endorsement—a fact which received little attention—shows that there is now greater strategic flexibility and demonstrates how committed UAE is towards ensuring it stays clear from any possible Chinese influence if it wants to become one of our most reliable partners. The timing for G42’s bold distribution of these Nvidia chips could not be better. With worldwide AI rivalry heating up after the advent...
Read more