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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The UAE and France: A Strong Partnership Built on Shared Values and Interests

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 UAE and France

The relationship between the United Arab Emirates (UAE) and France has been steadily strengthening over the years, built on shared values and mutual interests. From trade and investment to culture and education, the two countries have formed a robust partnership that benefits both nations and the wider international community.

At the heart of this partnership is a shared commitment to promoting peace and stability, as well as a determination to address global challenges such as climate change, terrorism, and poverty. The UAE and France have worked closely together on a range of issues, from the fight against ISIS to peacekeeping efforts in Africa. They have also collaborated on a number of cultural and educational initiatives, such as the establishment of the Louvre Abu Dhabi and the Sorbonne Abu Dhabi.  

Trade and investment have also been a major focus of the UAE-France partnership. France is one of the UAE's top trading partners, with over 600 French companies operating in the UAE and bilateral trade reaching over $5 billion in 2021. The UAE is also an attractive destination for French investors, with a favorable business environment and a dynamic and diverse economy.

Furthermore, the UAE and France share a deep appreciation for culture and the arts. The Louvre Abu Dhabi, which opened in 2017, is a testament to this shared passion for culture, featuring a diverse collection of art from around the world. Meanwhile, the Sorbonne Abu Dhabi has been instrumental in promoting higher education and academic excellence in the UAE, attracting students from across the region and beyond. 

The strong relationship between the UAE and France is based on a foundation of mutual respect, trust, and shared interests. As the two countries continue to work together on a range of issues, they are making a significant contribution to regional and global stability, prosperity, and cultural exchange. As we look to the future, it is clear that the UAE-France partnership will remain an important force for positive change in the world.







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