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’s Diplomatic Advisor meets UNs Special Envoy for Yemen

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Yemen

Hans Grundberg, the United Nations (UN) Special Envoy for Yemen, was greeted by Dr. Anwar Gargash, the President of the UAE's diplomatic adviser.

 The current developments in the Yemeni issue and international efforts to find a peaceful resolution were topics of discussion between the two parties during the conference.

 The recent negotiations by Grundberg and other international parties to extend the cease-fire in Yemen and reach a permanent cease-fire were also discussed at the meeting. It was also decided to encourage the involved parties to resume talks and find a peaceful solution.

 According to Dr. Gargash, the UAE is in favour of international measures to preserve Yemen's stability and alleviate the suffering of the Yemeni people, who are dealing with terrible humanitarian situations.

 He also praised Saudi Arabia's contribution to the UN and the international community's efforts to find a diplomatic solution to the issue. He also mentioned the Yemeni government's favourable response to the UN's recommendations for prolonging the cease-fire and reaffirmed his support for the Yemeni Presidential Council.

 Grundberg praised the UAE for its important role when discussing the efforts of all Yemeni parties and the international community to achieve a truce.

 

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