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,...

Climate crisis and economic disaster, How we can beat them!

 

Climate crisis

Climate is facing bad days. Still, no prior actions or changes are being noticed. We must use the wave of protest to power system global change.

The antisocial and ecological crisis rises like a tsunami, ready to hit the earth. I hope you are aware that in 2022 when both the Arctic and the Antarctic were 30°C warmer than average in March. The Yangtze River dried up in China. Europe faced drought. More than 2 million houses were damaged in Pakistan.

Around one billion people in the world sleep hungry due to rising food prices and simply poverty. Supply chains have been disrupted cause of war, pandemic, or geopolitical power!

Prices are rising and wages are falling with signs of inflation. Countries around the world are buried under the burden of debt. All of these are going to get worse in 2023.

The climate, the people, or the planet is not happy!

On a deep note, you can see the bad condition of the climate, cost of living, and debt crisis all are interconnected. These all are affecting the world equally. These all need to be focused on a big platform of the globe.

But at the time I can say, the system is not in the condition to deal with it. We saw every year COP meeting, but no change in the environment -even they are becoming worse.

We saw in the pandemic how systems were running behind money or for a crown!

During COVID-19 if the powers of the world wished, then they were capable to produce medicine for the whole globe just in twelve months. But western pharmaceutical companies find it a better time to focus on money, EU- at the same time opposed WTO and denied removing intellectual property restrictions on vaccines.

Well, my point is a million people died but few also become rich now. The reason behind it was the hunger for power around the globe.

The same sting we find in the international debt system too. The IMF Keeps the bottom line of those wanting very little. It demands to repay Ukraine because they are spending money on war. Who is paying the amount? I can give you an example.- Sri Lanka, a country that is facing terrible food insecurity paid 10s of million in this early December 2022.

Did you get my point? 

These is just very few I stated in this blog, there are many other factors that I will continue further. But bitter truth is that the world is facing a bad time, and it will get bitter more because all nations are running behind power instead of harmony.

But as a human being when I saw into the world, on a concluding note I whisper…. “we will win, our planet will win, our motherland will survive!”

We have no option instead of ambitious this time. Hoping that the world’s authorities and powerful nations will come into action soon.

 

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