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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Iraqi PM's official visit to Kuwait

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Iraqi

Prime Minister Mohammed Shia Al Sudani landed in Kuwait on Wednesday for an official visit.

Mr Al Sudan who took office last month, is seeking to assure Iraq's neighbours that his Iran-backed government will continue to strengthen ties.

The Iraqi leader has the support of the largest parliamentary group, the Co-ordination Framework, which is made up of Shiite militias and political parties close to Iran.

He was greeted Kuwait’s Prime Minister Sheikh Ahmad Nawaf Al Sabah, his office said. They are set to discuss relations between the two nations and ways to enhance co-operation, an Iraqi statement said.

On Monday, he discussed bilateral relations with Jordan's King Abdullah II in Amman. King Abdullah said Iraq has an important role to play in the Arab world.

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