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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DEWA Showcasing Global Innovations and Pioneering Sustainable Energy Solution

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Dubai

His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, officially opened the 48th edition of Middle East Energy (MEE) today (DEWA). Over 900 energy suppliers from around the world attend this three-day event to showcase their latest innovations and technologies.

This year's summit will focus on the plans and policies that will shape the Middle East's future energy outlook. Given the region's importance in the global energy market, it is critical to discuss and strategize on the way forward. The event also intends to educate attendees on the current state of the industry. 

His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, officially opened the 48th edition of Middle East Energy (MEE) today (DEWA). Over 900 energy suppliers from around the world attend this three-day event to showcase their latest innovations and technologies.

This year's summit will focus on the plans and policies that will shape the Middle East's future energy outlook. Given the region's importance in the global energy market, it is critical to discuss and strategize on the way forward. The event also intends to educate attendees on the current state of the industry.  

In addition, the event serves as a reminder of the importance of collaboration and innovation in the energy sector. With the world's energy demands increasing, it is critical for the industry to band together and work toward long-term solutions.

Finally, MEE 2023 is a significant event in the energy sector, providing a platform for global leaders to come together and shape the Middle East's energy future. The UAE's emphasis on renewable energy and sustainability reflects its commitment to driving change and setting the standard in this field. It will be interesting to see what the industry's future holds and how these discussions shape the energy landscape in the coming years.

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