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,...

United Arab Emirates has handed over to Ukraine another 1,300 generators

 

United Arab Emirates

The plane carrying the second batch of household generators arrived in Warsaw on Friday. The first batch of 1,200 generators were sent to Poland before being further shipped to Ukraine on December 24.

"Thanks to the implementation of the agreements reached between presidents of Ukraine and the UAE, it was possible to implement this humanitarian project that’s so important for the Ukrainian people. Ukraine expresses its sincere gratitude to the leadership and people of the UAE for the effective and important assistance to Ukrainians who are going through one of the most difficult winter periods in their history as Russia is overtly committing the crime of genocide against Ukrainians, deliberately destroying Ukraine’s energy infrastructure. The generators provided will help ensure heating and light for Ukrainian families this wartime winter," the ambassador said.

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