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,...

The third reactor of the Barakah Nuclear Power Plant has begun commercial operation, advancing the UAE's peaceful nuclear energy program toward emissions-free energy leadership.

 

Barakah Nuclear Power Plant

The commercial operation of the third reactor at the Barakah Nuclear Power Plant marks a significant milestone for the Emirates Nuclear Energy Corporation (ENEC). This accomplishment brings the UAE one step closer to achieving the goals of its Peaceful Nuclear Energy Programme, which aims to position the country as a leader in the emissions-free energy sector.

The Barakah Nuclear Power Plant is managed by qualified and licensed Emirati cadres who are gaining valuable reactor operation expertise. The Director of Reactor Operation at Barakah, Abdullah Al Menhali, emphasized the critical role that young male and female employees play in the operation process.  

Another Director of Reactor Operations at the plant, Saif Al Bahr Al Katbi, expressed pride in being one of the first generations of Emiratis to operate the country's peaceful nuclear reactors. The UAE's investment in nuclear technology via the Barakah Nuclear Power Plant is critical to ENEC's long-term plans and the country's leadership in international energy investments.

The Barakah Nuclear Power Plant is an innovative platform for achieving a sustainable energy transition. The operation of the plant will allow for the advancement of mini-modular reactor models, next-generation reactors, and nuclear fusion technology. It will also help to accelerate the development of new carbon-free energy sources, such as industrial fuels and hydrogen production and exportation.  

The Barakah Nuclear Power Plant is an advanced source of heat and steam for heavy industries, promoting growth and innovation in the aerospace, medicine, and agriculture sectors. It will ensure the UAE's energy security and be a cornerstone for national and regional sustainable development.

The UAE Peaceful Nuclear Energy Programme is aligned with the country's major projects in renewable energy and energy transition. The programme aims to support the UAE's pioneering role in the international energy sector, positioning the country as a leader in emissions-free energy and innovation. 

Finally, the commercial operation of the third reactor at the Barakah Nuclear Power Plant marks an important milestone in the UAE's Peaceful Nuclear Energy Programme. The plant's operation by qualified and licensed Emirati cadres demonstrates the country's commitment to innovation and progress in the zero-emissions energy sector. The Barakah Nuclear Power Plant is a platform for fostering innovation in the energy transition process, and it will play an important role in the UAE's long-term development plans.


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