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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India and UAE can bridge 'East-West' divide to help end Ukraine war

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India and UAE

Mr Jaishankar, speaking at a panel at the India international Forum in Abu Dhabi, same there are 2 major divisions in nowadays’s world. “One is that the East-West divide centring around state and therefore

the alternative may be a North-South divide centering around development,” he said. “Ukraine has a

control on development. I do believe a rustic like India will play that bridging role; not alone, however with countries like UAE. there's a desire today to bridge [the divides],” he said. The four-day forum, control beneath the theme “Partners for international Impact”, is delivered along with government leaders and entrepreneurs to explore mutual areas of cooperation and partnership

Since the conflict began in February, leaders of the UAE and India have urged Russia and Ukraine to find a peaceful resolution.

Reiterating the UAE’s stand, Dr Anwar Gargash, diplomatic adviser to the President, said it is in the interest of everyone for the conflict to end quickly.

“The conflict will not end unless [it ends] politically. We need a political process to end the conflict,” said Dr Gargash, who shared the panel with Mr Jaishankar..

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