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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Noble Number Charity Auction Raises AED 97.920 Million for the 1 Billion Meals Endowment Campaign, Highlighting UAE's Commitment to Humanitarian Aid

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UAE
 

The recent success of the Noble Number charity auction in Dubai has once again highlighted the UAE's unwavering commitment to providing humanitarian aid and relief aid to all. The auction, which raised a staggering AED 97.920 million, will go towards supporting the “1 Billion Meals Endowment” campaign, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

What's truly remarkable about this campaign is that it is the largest Ramadan sustainable food aid endowment fund, highlighting the UAE's commitment to sustainable solutions. The campaign's goal is to provide one billion meals to vulnerable communities across 30 countries during the holy month of Ramadan.

The Noble Number charity auction has played a crucial role in supporting this noble cause, allowing people from all walks of life to contribute towards the campaign. In fact, the auction featured some of the most exclusive and unique items, including the world's most expensive number plate – ‘1’ – which sold for a staggering AED 31 million. Other items included luxury cars, watches, and artworks.

However, it's not just the wealthy who can make a difference. Donation channels have been added to make it easier for people to contribute towards the “1 Billion Meals Endowment” campaign, allowing everyone to play their part in supporting this noble cause.

This auction's success is a testament to the generosity of the UAE community and highlights the importance of philanthropy. By supporting the “1 Billion Meals Endowment” campaign, the UAE is making a significant contribution towards alleviating hunger and poverty in vulnerable communities across the world.

In conclusion, the Noble Number charity auction has been a resounding success, raising a substantial amount of money towards the “1 Billion Meals Endowment” campaign. This auction is a reminder of the UAE's commitment to providing humanitarian aid and relief aid to all, and the importance of philanthropy in making a difference.

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