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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Sheikh Abdullah bin Zayed meets Israel's first lady

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Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, held talks in Abu Dhabi with Michal Herzog, Israel's first lady.

The meeting was held as Sheikh Abdullah and Ms Herzog attended a concert by the Israel Philharmonic Orchestra at the Emirates Palace Auditorium in the capital on Tuesday evening.

Both the meeting and concert were attended by Reem Al Hashimy, Minister of State for International Co-operation; Noura Al Kaabi, Minister of Culture and Youth; Mariam Al Mheiri, Minister of Climate Change and the Environment; Zaki Nusseibeh, Cultural Adviser to the UAE President; Lana Nusseibeh, Assistant Minister of Foreign Affairs and International Co-operation and UAE Permanent Representative to the UN; and Mohamed Al Khaja, UAE Ambassador to Israel.

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