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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Rhodes Scholars proud to be ambassadors for the nation

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The 51st UAE National Day, that falls on Dec 2, could be a day to recall lessons of the past, and appearance at the current with awareness and contemplation, whereas trying to the long run with hope, optimism and confidence, state wire service. “Taking care of our voters and gap up all avenues of development, creative thinking and self-affirmation before them has been, and can continuously stay, our prime priority and that we will spare no effort to realize this goal.  

Sheik Mohamed aforementioned  He said the UAE would remain a key partner and supporter of everything that brings concerning progress and development for humanity, and enhances the world' ability to satisfy the challenges of climate change, food security, disease, epidemics and poverty. On Friday, sheik Mohamed aforementioned on Twitter: "December a pair of holds a special place within the story of the UAE once our nation’s institution fathers joined along to ascertain the Union. As we tend to celebrate our 51st UAE National Day, we pledge to continue our country’s progress and to stay strain to satisfy our shared ambitions."

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