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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UAE President Sheikh Mohamed visits Pakistan

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Pakistan

The President of the United Arab Emirates (UAE), His Highness Sheikh Mohamed bin Zayed Al Nahyan, travelled to the Islamic Republic of Pakistan on Wednesday. He was accompanied by Sheikh Theyab bin Mohammed bin Zayed, a member of the Abu Dhabi Executive Council; Sheikh Hamdan bin Mohamed bin Zayed, Sheikh Sultan bin Hamdan, Adviser to the President; and Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs in the Presidential Court.

The UAE President landed in Rahim Yar Khan, a city in the Punjab province of Pakistan. Pakistani Prime Minister Shehbaz Sharif greeted His Highness at Chandana Airport.

The two leaders also held a meeting. According to WAM, the UAE President and the Pakistani Prime Minister discussed long-standing relations between the two countries. They also discussed various regional and international issues of common concern.

During the meeting, the Pakistani leader reflected on the close ties between the two countries. He lauded the "long-standing historical friendship between the two countries.”

Ali bin Hamad Al Shamsi, the Secretary General of the Supreme Council for National Security of the UAE, and Hamad Obaid Ibrahim Salem Al Zaabi, the UAE Ambassador to Pakistan, also accompanied the two leaders.

Earlier this month, the two leaders held a telephone conversation. The two leaders called for further development in bilateral ties between the two countries. The Pakistani Prime Minister thanked High Highness for UAE’s support during the recent flood crisis in Pakistan.

Two weeks ago, the Pakistani Prime Minister visited Abu Dhabi, the capital of the UAE. Sharif, who was on his third tour to the UAE after assuming his office in April 2022, met with the UAE President. Sharif thanked the UAE government and its leadership for supporting Pakistan to overcome the effects of last year's devastating floods.

During his visit to the UAE, three memoranda of understanding were signed in the fields of combating human trafficking, information exchange and cooperation.

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