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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US targets Iran prison

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The United States has imposed new sanctions on Iranian officials, including the head of Evin prison and commanders of the Islamic Revolutionary Guard Corps. Sanctions have been imposed on 10 people for the "brutal ongoing crackdown" in Iran, the Finance Ministry said. "Forty days after the tragic death of Mahsa Amini, Iranians continue to boldly protest  the crackdown and disruption to Internet access," said Assistant Secretary of the Treasury Brian E. Nelson. 

The United  States is imposing new sanctions on Iranian officials overseeing organizations engaged in violent crackdowns and killings, including  children, as part of our commitment to hold all levels of the Iranian government accountable for their actions.

Two senior IRGC leaders have been sanctioned, as have provincial officials from Sistan and Balochistan provinces, which have been the scene of some of the deadliest acts of violence against protesters since demonstrations began last month. 


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