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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Arab summit to tackle Iran and climate crisis

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On wednesday the Arab summit's final day is being hung in Algeria with leaders from the area anticipated to talk about Iran and global crises. The assembly comes as growing inflation, meals and electricity shortages, drought and hovering fee of dwelling are placing throughout the Middle East and Africa.

Also way of means of territory — to exhibit its management withinside the Arab world. UN Secretary General Antonio Guterres stated the area have to do all in its energy to make sure the financial and political crises do now no longer escalate.

“We have to do all we will to make sure the continuing achievement of the Black Sea Grain Initiative to offer alleviation to the ones in need, consisting of nations withinside the Middle East and North Africa counting on on

hand and cheap meals and fertilisers — each from Ukraine and the Russian Federation,” Mr Guterres state

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