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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The Enormous Solar Energy Potential of the UAE: How Ewec is Paving the Road for a Sustainable Future

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With over 90% of its terrain eligible to produce renewable energy, the UAE has a huge potential for solar energy. The demand for affordable, sustainable energy sources is increasing as both the population and industrial activities rise. Thankfully, the Emirates Water and Electricity Company (Ewec) is paving the road for Abu Dhabi and the UAE to have a sustainable future. 

Ewec is dedicated to funding renewable energy initiatives that will meet the rising demand for power while lowering the UAE's carbon footprint. The company's initiatives benefit the environment, but they also promote the UAE as a sustainability leader on a worldwide scale. The UAE has a larger goal to achieve Net Zero by 2050, and Ewec's efforts are a part of that. 

With a 1.18 GW capacity, Abu Dhabi already has the largest single-site solar power plant in the world. This magnificent facility not only represents the UAE's dedication to clean energy, but it also shows the nation's capacity for innovation and its ability to pave the way for a greener future. The solar energy facility is anticipated to cut Abu Dhabi's annual carbon emissions by 1 million metric tons. 

The UAE's strategic objective, Net Zero by 2050, is in keeping with the country's expanding portfolio of renewable and clean energy projects. The nation's expanding portfolio of renewable energy projects is a crucial step towards accomplishing this goal of reducing greenhouse gas emissions by 23.5% by 2030. The United Arab Emirates is dedicated to making the switch to a low-carbon economy and building a sustainable future for future generations. 

Over all the UAE has enormous solar energy potential, and the nation is actively working towards a more sustainable future. The country's dedication to sustainability is shown by Ewec's investments in clean energy projects and Abu Dhabi's excellent solar power facility. The world will be looking to see how the UAE sets the example for a cleaner, greener future as it pursues its Net Zero by 2050 goal.  

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