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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President Sheikh Mohamed reaffirms UAE support for Palestinians

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UAE

Sheikh Mohamed reiterated the UAE' backing of the Palestinian individuals associate degreed their right to an freelance state on 1967 borders, with East Jerusalem as its capital. The world organisation observes the day in accordance with the mandates of the final Assembly.

On November 29, 1947, the assembly adopted Resolution 181, called the Partition Resolution.This expressed that each a individual state and an Arab state would be established in Palestine — with Jerusalem being thought-about a definite entity subject to a special international regime.Of the 2 states to be established underneath this resolution, only one state — Israel ― has emerged.At an incident marking the International Day of commonality with the Palestinian individuals at the world organisation headquarters in New York, UN Secretary General Antonio Guterres urged all parties to require immediate steps to scale back tensions.

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