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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Mahsa Amini's family under house arrest in Iran

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Amini's parents and brother have been "held at home" by the authorities said Erfan Mortazei from the Kurdish region of Iraq. Thousands of people flocked to the Saqez city cemetery, where Amini's grave is located, on Wednesday. stands to commemorate 40 days since his death. Security forces opened fire on mourners gathered at his grave in the Kurdish city. On Tuesday, state media released an alleged statement from Amini's family that they would not hold a memorial service the next day. Mr. Mortazei said that this statement was written by the authorities and was immediately rejected by the family.

His brother has been threatened with arrest in recent days, he added. "Zhina and thousands like her sacrificed their lives so that the Iranian people could live in freedom," Mr Mortazei said, referring to Mahsa by her Kurdish birth name. "I hope that the Iranian people will continue to take to the streets until they achieve their goals.

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