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,...

Record-breaking launch rates despite Musk's Twitter turmoil

 


SpaceX acquired the lease to Space Launch Complex-40 in Florida in 2007,” he said.

“Since that time its operations have grown to encompass two launch pads and three launch towers (including the new Starship tower at LC-39A).

“There are hundreds of employees. The company has gone from averaging about two launches a year from 2010 to 2014, to more than 50 launches from Florida in 2022.

“This increase in launch cadence is both remarkable and unprecedented.”

There has not been such a launch rate in Florida since the 1960s, when most were missile test flights.

Gary Dahlke, a volunteer at the Sands Space History Centre in Florida, said companies such as SpaceX were setting new records in this era.

“I can remember working in the Space Shuttle programme and if we had 12 to 15 launches in a year, that was an extraordinary number,” he said.

“And then all of a sudden these new companies come along — SpaceX probably in particular — that have increased the launch rate a phenomenal rate.”

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