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 UAE's One Billion Meal Initiative to Assist Underprivileged People in Bangladesh

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UAE

The UAE has always been committed to assisting those in need, as evidenced by Dubai Ruler HH Mohammed bin Rashid's 1 Billion Meal initiative. In collaboration with the World Food Programme (WFP), this initiative is now assisting underprivileged people in Bangladesh by providing them with critical food assistance.

Over 5.4 million meals have already been distributed in Rohingya refugee camps in Bangladesh as a result of the initiative. This is the world's largest food donation drive, and it has aided 50 countries across four continents. The Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) organization is behind this project, which has received backing from a variety of sectors and industries. 

Because of their collaboration with the WFP, the MBRGI has been able to reach beneficiaries directly with quick redeemable smart vouchers. This allows recipients to purchase food from WFP-certified shops and supermarkets. The World Food Programme (WFP) has extensive experience in providing humanitarian aid to those in need, and its international presence in refugee camps has had a significant impact on this initiative.

The UAE has always prioritized humanitarian aid and assistance, and this initiative exemplifies that commitment. The 1 Billion Meal initiative demonstrates the UAE's commitment to assisting people and countries in need, as well as how the UAE is utilizing its resources to make a significant global impact.

Finally, Dubai Ruler HH Mohammed bin Rashid's 1 Billion Meal initiative is an excellent example of the UAE's commitment to providing humanitarian aid and assistance to those in need. This initiative has already had a significant impact in providing essential food assistance to underprivileged people in Bangladesh, and it demonstrates the UAE's commitment to global humanitarianism. It is critical to continue supporting such initiatives and spreading the word about helping those in need.

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