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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Dubai World Central Mega-Airport Expansion Project Set to Resume: What it Means for Dubai's Future

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Dubai

Dubai has long been known for its impressive infrastructure, from towering skyscrapers to sprawling shopping malls. But perhaps one of the city's most impressive achievements is its airport system, which has consistently ranked among the busiest and most advanced in the world.

And now, with the potential resumption of the Dubai World Central Mega-Airport Expansion Project, Dubai's airport system is set to become even more impressive. The project, which was put on hold due to the COVID-19 pandemic, will add a staggering 120 million passenger capacity to Dubai's airports and create more than 500,000 new jobs.

So, what does this mean for Dubai's future? For starters, it solidifies the city's position as a global hub for business and tourism. With more passengers able to fly in and out of Dubai, the city will become an even more important destination for travelers from around the world. This, in turn, will create new opportunities for economic growth and development.

But the benefits of the Dubai World Central Mega-Airport Expansion Project go beyond just boosting tourism and business. The project is also a testament to Dubai's unwavering commitment to progress and innovation. Despite the challenges of the pandemic, Dubai remains steadfast in its determination to create a better future for its citizens and visitors.

Of course, there are still challenges ahead. The pandemic is not over, and the world is still grappling with its effects. But the potential resumption of the Dubai World Central Mega-Airport Expansion Project is a powerful reminder that Dubai is a city that never gives up. With its sights set on the future, Dubai is a beacon of hope and inspiration for all who seek to create a better world.

In conclusion, the potential resumption of the Dubai World Central Mega-Airport Expansion Project is a major milestone for Dubai's future. With its commitment to growth and innovation, Dubai is poised to become an even more important player on the global stage. And for those who call Dubai home, this means more jobs, more opportunities, and a brighter future for all. #Dubai World Central Mega-Airport Expansion Project May Resume



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