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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Biden and El Sisi talk human rights before US president addresses Cop27

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Cop27

US President Joe Biden and Egyptian President Abdel Fattah El Sisi discussed human rights and climate change at the Cop27 summit as they met in Sharm El Sheikh on Friday.

Sitting beside Mr Biden, the Egyptian president addressed reporters directly on the matter of human rights, which has been raised by activists and rights groups in the run-up to and during the Cop27 summit.

“Allow me to say to you that we are taking a comprehensive approach [to human rights] and we pay attention to that subject and we try and develop ourselves,” he said in Arabic.

He said his government has adopted a strategy for human rights in Egypt and called for a national dialogue to chart the country's political future. A presidential committee given the task of reviewing the cases of government critics held in pre-trial detention has been activated, he added.

“I want to reassure you that Egypt is in good shape,” he said.

Mr Biden said he intended to discuss human rights with the Egyptian leader.

“I look forward to our discussion,” he said. The two leaders will also discuss bilateral ties, he added.

 

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