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 Mohammed bin Rashid sends heartfelt message to Morocco

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Morocco



The Dubai Ruler thanked the Atlas Lions, saying they had raised the heads of Arabs everywhere.

“Proud of the lions. Proud of the performance. Proud of the spirit. Proud of the achievement,” wrote Sheikh Mohammed.

“Morocco raised the head of the Arabs in the biggest international sports event.

“Thank you, the Atlas Lions.”

The team were the first African or Arab nation to reach the semi-finals of the World Cup, inspiring support from all over the world.


 




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