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's Anwar Gargash says Egypt is 'central figure' for regional peace

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UAE

The UAE has lengthy held the perception that Egypt is a "critical parent" for local balance, Dr Anwar Gargash, diplomatic adviser to the UAE President, stated in Cairo because the UAE and Egypt celebrated 50 years of ties.

 Dr Gargash told the audience of ministers, diplomats and key figures in both governments about a saying by the late Sheikh Zayed: "Egypt is the heart of Arabs."

The top UAE official said the united Arab position is important during a time of regional challenges in economic development, food security, health, terrorism and extremism.

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