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,...

Twitter to introduce gold, grey and blue ticks for verification system

 

Elon Musk

Twitter' verification has taken some other twist after new proprietor Elon Musk stated extraordinary colored take a look at marks might be introduced. Earlier this week, Mr Musk

world's richest person, stated the brand new subscription-primarily based totally verification might now no longer be relaunched till there becomeexcessive self belief of preventing impersonation”. Now, he stated it might be relaunched tentatively subsequent Friday. “Gold take a look at for companies, gray take a look at for government, blue for individuals (celeb or now no longer) and all confirmed bills might be manually authenticated earlier than take a look at activates.

Painful, however necessary,” he tweeted. “All confirmed man or woman human beings could have equal blue take a look at, as boundary of what constitutes “notable” is in any other case too subjective. Individuals may have secondary tiny emblem displaying they belong to an org if confirmed as such via way of means of that org,” he stated. “Longer clarification subsequent week.” Turmoil had ensued after the advent of the $eight subscription plan following Mr Musk's $forty four billion acquisition. It become to begin with suspended after a chaotic wave of faux bills with the brand new blue ticks parodied US presidents, famous useless human beings and huge companies. He cautioned it might be reintroduced via way of means of the cease of the month

 

 

 

 


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