UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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,...

Dubai and Abu Dhabi: Driving Growth in the Middle East as Desirable Destinations

UAE
 

According to a recent Mercer study, Dubai and Abu Dhabi have emerged as leading Middle Eastern destinations for foreign workers, tourism, and business. According to the study, which polled over 50,000 people in 79 cities, both cities ranked highly in terms of quality of life, economy, and infrastructure. 

The study's outcome was determined by assessing a variety of factors, including the political and social environment, the economic environment, the socio-cultural environment, medical and health considerations, schools and education, public services and transportation, and housing. According to the study, the quality of life dimension was a critical factor in determining a city's liveability for its residents. 

Dubai, in particular, has grown dramatically in recent years, becoming a major center for commerce, innovation, and tourism. The city has cutting-edge infrastructure, such as world-class airports, ports, and transportation networks. This, combined with the country's strong economy, makes it an appealing destination for foreign workers and businesses. In contrast, Abu Dhabi has emerged as a center for oil and gas production, finance, and investment. The city's leadership has made significant infrastructure investments, such as cutting-edge hospitals, schools, and transportation systems, making it an appealing destination for foreign workers and businesses.

The study emphasizes the importance of improving residents' quality of life in order to attract foreign workers, businesses, and tourists. This is especially true in today's globalized world, where people are more mobile than ever. Cities must now provide more than just basic services; they must also provide a high standard of living as well as a safe and inclusive environment.

The goal of this study is to encourage governments around the world to keep making cities more liveable and desirable for residents. This can be accomplished through infrastructure investment, improved public services and transportation, and the creation of a welcoming and inclusive environment for all residents.

Finally, Dubai and Abu Dhabi's high rankings in this study reflect their strong leadership, vision, and commitment to providing a high quality of life for their residents. As governments around the world work to build better cities, they can look to the Middle East for inspiration and learn from Dubai and Abu Dhabi's success.



Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.