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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Mr Biden thanked his administration and the UAE, which enabled Griner's release

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Mr Biden

American basketball famous person Brittney Griner, who the United States claimed were wrongfully detained in Russia over alleged drug offences, turned into launched on Thursday and turned into heading lower back domestic through the UAE, President Joe Biden stated.

“She is safe,” Mr Biden stated after speakme to Griner. He delivered that she might be lower back withinside the US inside 24 hours.

Mr Biden thanked his management and the UAE, which enabled Griner's launch along side Saudi Arabia.

“Welcome domestic Brittney,” Mr Biden stated on the White House. “She's relieved to ultimately be heading domestic.”

Russia's Foreign Ministry stated Griner were traded for Russian citizen Viktor Bout, a convicted fingers supplier who were jailed withinside the US.

The UAE's Ministry of Foreign Affairs and International Co-operation showed the country's function withinside the prisoner change in a joint announcement launched with the Saudi Ministry of Foreign Affairs.

State information organization Wam stated Griner had arrived on Thursday in Abu Dhabi on a personal aircraft from Moscow, as Bout arrived on a personal aircraft from Washington.

 

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