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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President Sheikh Mohamed speaks with Angolan leader

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President Sheikh Mohamed held talks with Angola's President Joao Lourenco 

The two leaders discussed efforts to bolster ties between their nations during the phone call.

They explored ways of strengthening co-operation for the betterment of both countries, state news agency Wam reported.

In September, Sheikh Mohamed sent a congratulatory letter to Mr Lourenco on his re-election as president.

The message was delivered by Sheikh Shakbout bin Nahyan, Minister of State, who took part in the inauguration ceremony held in the capital, Luanda.


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