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,...

New Era of Bilateral Relations: The Presentation of His Excellency Abdulla Al Sabousi's Letter of Credence to Sir David Vunagi

 

The recent presentation of His Excellency Abdulla Al Sabousi's letter of credence to the Governor General, Sir David Vunagi, has signaled a new era of bilateral relations between the United Arab Emirates (UAE) and Solomon Islands.

Sir David's warm acceptance of the letter and his kind words to the President of the UAE have highlighted the strong and enduring friendship between the two nations. This promising start has set the tone for the mission of Ambassador Subousi, who emphasized that his focus will be on developing bilateral relations between the UAE and Solomon Islands.

The potential for connection, trade, and investment is enormous. This mission presents an excellent opportunity for both countries to strengthen their economic and social ties. The UAE has long been a leader in innovation, technology, and sustainable development, while Solomon Islands has vast untapped potential in natural resources, tourism, and agriculture.

Moreover, the exploration of labour mobility opportunities is a critical aspect of this mission. The collaboration on labour mobility will enable the people of both nations to benefit from new employment opportunities and skills training while fostering a mutual understanding of each other's cultures and values.

Overall, the presentation of His Excellency Abdulla Al Sabousi's letter of credence and the promising words from Sir David Vunagi signal a bright future for UAE-Solomon Islands relations. With Ambassador Subousi's mission focused on developing bilateral relations, this is an opportunity not to be missed. Let us seize this moment and work towards a prosperous and sustainable future for both our nations.

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