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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Dubai summit: Elon Musk says 'single world government' could lead to the end of civilization

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Tech billionaire Elon Musk attended the World Government Summit (WGS) in Dubai, United Arab Emirates, on Wednesday. He gave some brief remarks at the Dubai summit. Musk talked about various important topics. He delivered his speech remotely via video call.

The 2023 World Government Summit started on Monday in Dubai. Musk’s virtual attendance at the summit made participants happy.

Musk reportedly said, "I know this is called the 'World Government Summit,' but I think we should be a little bit concerned about becoming too much of a single world government. I think we need to be a little conscious of being too much of a single civilization because if we are too much of a single civilization, then the whole thing may collapse.”

He further said, “If something goes wrong with some part of civilization then the whole thing doesn't just collapse and humanity keeps moving forward."

Musk also talked about Twitter and his journey as the CEO of the social media platform. He said that his journey as the CEO of Twitter so far has been “quite a rollercoaster” because he has to work too much to “stabilise Twitter.” Musk said that he has to work 20 hours a day.

Musk also talked about aliens at the Dubai summit. He reportedly said that the UFOs seen in the United States (US) skies over the past week were unlikely to be aliens.

Musk talked with Mohammad Abdullah Al Gergawi, the Minister of Cabinet Affairs of the UAE. Twitter CEO reportedly said that he had seen no signs of alien life or alien technology. According to Musk, humans are alone in this universe.

Last week, when the US shot down unidentified flying objects (UFOs), Musk wrote on Twitter, “Don’t worry, just some of my [alien emojis] friends of mine stopping by …”

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