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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Riots broke out in several Belgian after Morocco's World Cup win over Belgium

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Belgium

 
Police detained approximately 12 humans after deploying water cannons and firing tear fueloline to disperse crowds in Brussels and 8 greater in Antwerp, AP pronounced. In Brussels, dozens of rioters overturned and burnt cars, threw bricks at different cars additionally set hearthplace to electric powered scooters. “Sad to peer how some people abuse a scenario to run amok,” stated Interior Minister Annelies Verlinden. Police withinside the neighboring Netherlands stated violence erupted withinside the port town of Rotterdam, with rise up officials trying to interrupt up a collection of 500 individuals who pelted police with fireworks and glass.

Two police officers had been injured in Rotterdam. By overdue on Sunday evening, an uneasy calm had lower back to maximum of the towns involved, AP stated. Media additionally pronounced unrest withinside the capital Amsterdam and The Hague.

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