UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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,...

Dubai Metro used by more than two billion passengers since its launch

 

Dubai

Dubai Metro has carried over two billion passengers since its launch on September 9, 2009, according to a report by Dubai Media Office.

Dubai Metro's red line has transported 1.34 billion passengers since its launch. The green line served over 673 million people. Dubai Media Office said on Sunday that it maintained a punctuality rate of 99.7 per cent in 2022. Reportedly, over 616,000 passengers used the metro daily in 2022.

Last year, over 621 million journeys were made on Dubai public transport. Expo 2020 Dubai took place in 2022. The event attracted a large number of visitors from various countries. Visitors used public transport to get to Expo 2020 Dubai, which concluded on March 31 last year.

Reportedly, Mattar Al Tayer, the Roads and Transport Authority's director general and chairman said, “Statistics reveal a consistent rise in Dubai Metro ridership since the start of the service in September 2009. In 2022, the Dubai Metro set a new record and the highest since its launch by serving 225.142 million riders.”

Dubai metro covers 89.3km and connects 53 stations. It has 129 trains, serving the Red and Green lines. It is owned by the Roads & Transport Authority in the UAE. The metro is operated by the Keolis-MHI, which is a consortium of the France-based company Keolis and the Japanese Company MHI.

According to the Dubai Statistics Centre's live population counter, Dubai’s population crossed 3.5 million in April last year. Subsequently, Dubai witnessed an increase in public transport. It also saw a robust recovery from the Covid-19 pandemic.

The Museum of the Future, an exhibition event, also attracted one million visitors in its first year. It was opened in February 2022. Dubai Metro was used by the majority of tourists.

Mattar Al Tayer said, “Dubai Metro attracted the largest percentage of public transport. The share of public buses reached 25%.” 

Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.