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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Rashid rover integrated with SpaceX’s Falcon nine rocket for launch

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Rashid

SpaceX will plan to launch the Hakuto-R Mission one lander, developed by non-public company ispace, at 12.39pm UAE time, from the Launch complicated forty pad at the Cape Kennedy area Force Station in Florida.

 The 10kg Rashid rover is one in every of several government and industrial payloads that the lander is carrying, with a landing try on the Moon expected at the top of April. “We are happy to possess finished the primary section of the Mission 1 with the ultimate preparations before launch completed,” aforesaid Takeshi Hakamada, founding

father of ispace. “We have achieved such a lot within the six short years since we tend to initial began conceptualising this project in 2016.”

 This will be the 55th launch for SpaceX this year. The company's reusable Falcon 9 rocket has a very high success rate. 

This is the UAE's first Moon mission, with more rovers to be developed in the future.

The Rashid rover has been built by engineers from the Mohammed bin Rashid Space Centre A core team of 11 are behind the mission’s development and have been working on it since 2017




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