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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Iraq’s new prime minister visits Jordan on first foreign trip

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Iraq’s Prime Minister Mohammed Shia Al Sudani arrived in Jordan on Monday on his first overseas journey on the grounds that he took workplace final month. The go to comes after most important strides in Iraq's family members with different Arab nations in latest years, a improvement endorsed via

way of means of the United States in reaction to the fast unfold of Iran's impact withinside the location on the grounds that 2003 US-led invasion that toppled Saddam Hussein’s regime.

There were worries that the brand new Iraqi authorities's closeness to Iran may want to derail those efforts. Mr Al Sudani became the nominee of the largest parliamentary group, the Co-ordination Framework, that is made of Tehran-allied Shiite militias and political parties. However, he has confident neighbours and allies that his authorities will preserve to reinforce ties with Arab nations and increase co-operation.

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