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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Oman-Etihad Rail Company board reviews progress of UAE-Oman Railway Network Project

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Oman-Etihad Rail

The Oman-Etihad Rail Company has recently reviewed the progress of the UAE-Oman Railway Network Project and is pleased to report significant strides towards the completion of this exciting infrastructure project. The railway network project will connect the two countries through a state-of-the-art railway system, revolutionizing transportation and commerce in the region.

The UAE-Oman Railway Network Project is a critical component of the vision to connect the Gulf region. The project has been in the works for several years and is set to bring immense benefits to the economies of both countries. The railway network will provide an efficient and cost-effective mode of transportation for goods and passengers, enabling faster and easier connectivity between the two nations.

The Oman-Etihad Rail Company is the key player in the development of the railway network project, and its board has been overseeing the progress of the project closely. The board is pleased to report that progress is steady and on track to deliver this ambitious project as per the timeline.

One of the key challenges of the project is ensuring safety measures are in place. The Oman-Etihad Rail Company has assured the public that safety remains their top priority and that all necessary measures are in place to ensure the safety of passengers and goods in transit.

The completion of the UAE-Oman Railway Network Project is a significant milestone for both countries, opening up new opportunities for trade, investment, and economic growth. The project will also create new job opportunities and stimulate economic activity in the region.

In conclusion, the progress made by the Oman-Etihad Rail Company in the development of the UAE-Oman Railway Network Project is a testament to their commitment to making this vision a reality. The project will connect the Gulf region in ways never seen before, and the board is confident that it will bring significant benefits to both countries. As the project moves towards completion, we can expect to see a new era of connectivity, growth, and prosperity in the region.

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