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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Most advanced marine research vessel

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research vessel

The Middle East's most advanced marine research vessel that will help in efforts to safeguard marine life in the emirate.

The vessel Jaywun ― a term that symbolises one of the finest and most valuable types of pearl ― will enable the Environment Agency Abu Dhabi (EAD) to monitor and assess the marine environment and biodiversity.

The 50m vessel will operate in the territorial waters of the UAE in the Arabian Gulf and the Sea of Oman and allow the EAD to complete its studies of the marine environment and fisheries in waters more than 10m deep.

The vessel, which can accommodate approximately 30 people, is equipped with the latest research equipment, including six laboratories for studying samples on the ship and a remotely-operated submarine vehicle.

EAD will also use the vessel to monitor and preserve fish stocks and marine biodiversity and help to ignite a passion for oceanography and fisheries studies in the Arabian Gulf among young Emirati researchers.

The vessel will support several environmental initiatives, such as the Blue Carbon Assessment Project for Oceanic Fisheries ― the first oceanic, blue carbon fisheries assessment survey in the region. The survey project was created to support the UAE’s strategic initiative to achieve climate neutrality by 2050 and will be conducted in the country's waters.

Freire Shipbuilding Company in Vigo, Spain, developed the vessel under the supervision of Abu Dhabi Ship Building Company, with the support of the EAD team.

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