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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Elon Musk's Starlink and Dubai's Elcome set to provide internet to the maritime industry

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Elon Musk

Starlink, a satellite internet constellation operated by SpaceX CEO Elon Musk, and Dubai-based marine electronics company Elcome International have joined hands to provide internet services to the maritime sector.

Elcome has said that the company will equip its customers with advanced solutions that support the capabilities of Starlink. Elcome's logistics hubs in Dubai, Singapore and Spain would help to fulfil the orders.

According to Elcome, the company would connect vessels like merchant ships, oil rigs and luxury yachts to internet speeds that are up to 100 times faster than traditional satellite services. Elcome said in a statement that Starlink would help with the installation process in the maritime industry.

According to The National, Starlink would help the UAE (United Arab Emirates) to bring benefits to the maritime industry. Access to high-speed internet would be beneficial for the sector in the UAE.

Starlink is currently available in 45 countries, including Antarctica. Starlink has not yet revealed when the service will be available in the UAE.

Earlier, the British government revealed it was testing Starlink in order to provide high-speed internet connectivity in remote parts of the United Kingdom (UK).

Last year, Musk sent thousands of Starlink terminals to Ukraine after Russia invaded the country. SpaceX also installed around 100 Starlinks in the Islamic Republic of Iran after huge protests erupted in the country over the death of a young woman Mahsa Amini.

As per SpaceX's website, Starlink offers high-speed internet service to people through a constellation of over 2,000 tiny satellites orbiting above Earth. This year, SpaceX also plans to launch Starlink Version 2 satellites.

Musk has been in the limelight in recent days. Recently, Musk, the new CEO of Twitter, listed several changes in Twitter's user interface that would be introduced in February.

Musk purchased the social media company in October 2022.

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