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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Why does Egypt's landmark climate summit matter?

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Egypt

The conference will be held in Sharm El Sheikh, Egypt, at the International Convention Center, which is located near the resort city's international airport and has a capacity of 20,000 people and a main event hall for 7,000 people. The conference According to the website, the venue is also accessible for people with reduced mobility.

Extreme weather is on the rise, the international organization said, with up to a billion individuals in

danger of losing their homes as storms intensify and ocean levels rise because of melting ice.

 A number of the world' most precious ecosystems are dying, whereas those who live close to areas hit by forest fires — currently a lot of common amid extreme heat — face metabolism problems. As temperatures rise, tropical diseases spread. many variant people are forced to migrate as agriculture collapses, the

UN report said. That' why Cop27 this year — control in Sharm El Sheikh, Egypt — is one among the foremost vital to date. A gathering of tens of thousands of officials, specialists and influencers to refocus efforts on reducing emissions and managing climate change.

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