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,...

Saudi Arabia in talks over plans for next-generation space stations


Saudi Arabia is in talks with different countries over plans for the subsequent era of area stations, that may someday function floating lodges a few of the stars. Mohammed bin Saud Al Tamimi,governor of the Communications, Space and Technology Commission, stated he sees area commodities as a “large opportunity”. He turned into speakme remotely on the primary day of the Abu Dhabi Space Debate, a main convention that addressed the brand new geopolitics of area and rising trends. Mr Al Tamimi stated that the Kingdom might be pronouncing its country wide area approach early subsequent year.

“We’ve heard plenty of projects from the non-public sector, now no longer simplest from a systematic factor of view, we additionally listen approximately commercialisation of area station,” he stated. “We listen plenty of bulletins via way of means of more than one corporations concerning area tourism and constructing a resort as a area station, turning into like a commodity. “For me, I see there's a large opportunity. This is the proper time in records of area in which we will see actual commercialisation of area.” “And additionally there may be greater collaboration and lively discussions proper now among us in Saudi Arabia and different nations on the subject of constructing a brand new version for area stations.”




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