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,...

Mohammed Rashid’s Initiative ‘1 Billion Meal’ Collaboration With World Food Programme To Help Refugees In Bangladesh

 

Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Minister Of Defence of the United Arab Emirates (UAE) as well as the ruler of Dubai, launched the ‘1 Billion Meals’ initiative to help underprivileged people in Bangladesh.

Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) is the name behind this initiative. It is launched in collaboration with WFP (World Food Programme), an international organization within the United Nations (UN) that provides food assistance across the world.

Mohammed Rashid’s ‘1 Billion Meals’ helped the underprivileged and undernourished people in Bangladesh. Under the initiative, the UAE distributed 5.4 million meals in Rohingya refugee camps in Bangladesh.

The UAE is always committed to helping people and countries in need. The UAE has always provided humanitarian aid to countries in need. MBRGI has provided support to around 50 countries during the crisis.

Food assistance is directly transferred to needy people in the form of quick redeemable smart vouchers. The recipients of the vouchers can buy essential food items from WFP-certified shops and supermarkets.

Reportedly, MBRGI has always provided humanitarian support to countries in need. It launched instantaneously redeemable smart vouchers to help underprivileged communities, such as refugees and internally displaced people. From ‘Bread For All’ to ‘1 Million Meals’ helped people in need. The ‘Bread For All initiative’ helped people in need in the UAE. They were able to eat food no matter what condition they were in. Under the initiative, the authorities distributed bread free to poor people across the region.

Reportedly, 20,000 people in Cox’s Bazar camps in Bangladesh received aid from ‘1 Billion Meals’. People bought essential food products from local vendors using vouchers. Cox’s Bazar camps are inhabited mostly by Rohingya refugees. They reportedly came to Bangladesh after facing persecution and violence in Myanmar. The refugees are in need of urgent humanitarian assistance. 

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