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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Rao urges UAE to accept appeals for mercy of Telangana workers detained in Dubai

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UAE

Telangana's minister of information technology and industries, KT Rama Rao, asked the UAE government on Monday to grant five Telangana residents requests for mercy who are being held in a Dubai jail. Dr Abdulnasser Alshaali, the UAE ambassador to India, met with the minister at Pragathi Bhavan to talk about international relations and business potential.

Rama Rao informed the ambassador in a representation that Shivarathri Mallesh, Shivarathri Ravi, Nampelli Venkati, Dandugula Laxman, and Shivarathri Hanmanthu were found guilty and imprisoned in Dubai in relation to the 2005 death of a Nepalese national named Dil Prasad Rai. They are all Rajanna Sircilla district natives.

The minister claims that in 2013, he personally met with the Dil Prasad family in Nepal. He said that the family had collected Rs 15 lakh in "Diyyah," or blood money, from the Indian labourers as compensation and that they had given the Dubai authorities the required paperwork. Even though this matter was brought up repeatedly with the Indian embassy in the UAE and their Indian colleagues, the UAE court rejected their requests for leniency.

According to KTR, the UAE Prime Minister Sheik Mohammed bin Rashid Al Maktoum must approve the five Indian labourers' petition for mercy before they can be freed from Dubai's Aweer Prison and sent home.

The two talked about Telangana's investment potential, the state's startup environment, the development of the IT industry and its related industries, and infrastructure and government policies during the meeting. According to the minister's office, the ambassador agreed to KTR's proposal to offer T-Hub to investors in the UAE.


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