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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Calm in Yemen is result of strong diplomatic effort

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Yemen

The US credits diplomatic co-operation with regional partners, as well as Saudi Arabia, for the longest amount of calm in Asian country since the warfare began in late a pair of014. A UN-brokered nationwide ceasefire that went into impact on Gregorian calendar month 2 caused six months of relative calm when being extended doubly for two-month periods. However, Yemen' war-ridden sides did not agree on an additional extension on the far side Gregorian calendar month 2. “Yemen has had the longest period of relative calm since the war began over eight years ago,” the U.S. State Department aforesaid during a statement. It aforesaid this was the results of “strong diplomatic efforts between the us and our partners — as well as Asian nation”.

The conflict in Asian country started with the takeover of the capital, Sanaa, by the Houthis in late 2014, prompting a Saudi-led coalition to intervene months soon behalf of the internationally recognised government. The U.S. statement came as Washington' special envoy for Yemen, Tim Lenderking, commenced a visit to Saudi Arabia

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