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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Charitable Organizations in the UAE: The Spirit of Giving During Ramadan

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UAE

The holy month of Ramadan is a time for reflection, generosity, and giving back. It is a time when Muslims all over the world observe fasting, prayer, and charity to those in need. In the UAE, the spirit of giving during Ramadan is alive and well, with charitable organizations stepping up to help those in need.

It is therefore heartening to learn that a major UAE charitable organization helped more people last year than ever before. The fact that this news emerged during Ramadan is perhaps appropriate, as the month is traditionally a time for giving.

Charitable organizations in the UAE have always played a vital role in supporting the less fortunate, and their work has become even more important during the ongoing COVID-19 pandemic. The pandemic has affected many people, with job losses, business closures, and other economic hardships making it difficult for them to make ends meet.

But the UAE's charitable organizations have risen to the challenge, providing much-needed support to those in need. They have distributed food and other essential supplies to families affected by the pandemic, supported medical research, and provided aid to vulnerable communities around the world.

The fact that a major UAE charitable organization helped more people last year than ever before is a testament to the strength and resilience of the UAE community. It demonstrates that even during challenging times, the spirit of giving remains alive and well in the country.

It is important that we continue to support and celebrate the efforts of charitable organizations in the UAE. Their work is crucial in helping to build a better world for everyone, and their contributions should be recognized and appreciated.

As we continue to observe Ramadan and reflect on the importance of giving back, let us remember the important work that charitable organizations in the UAE are doing. Let us continue to support their efforts and help make a positive difference in the lives of those in need.

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