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,...

The Imperative of Envisioning the Future: The Success of the World Government Initiative

 


The world is changing at an unprecedented pace, and predicting the future has become an essential obligation. The success of the World Government initiative, a decade-long collaboration between the United Arab Emirates and nations worldwide, is a testament to the importance of envisioning the future.

Led by the visionary leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, the 2023 World Government summit attracted over 10,000 global leaders. This summit went beyond exploring previously predicted issues and transcended them, paving the way for a brighter future for us all.

The World Government initiative is a shining example of how collaboration and vision can lead to transformative change. The initiative brings together leaders from different nations and entities, transcending boundaries and differences, to work towards a common goal: creating a better future for all.

With the world facing challenges such as climate change, geopolitical instability, and global health crises, it is crucial to have a clear vision for the future. The World Government initiative provides a platform for leaders to come together, share their expertise and insights, and work towards solutions that benefit everyone.

His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum's leadership have been instrumental in the success of the World Government initiative. Their visionary thinking and commitment to creating a better future for all have inspired leaders worldwide to work towards a common goal.

The 2023 World Government summit marked a turning point in global collaboration and transformation. It demonstrated that by coming together, we can overcome our differences and work towards a brighter future. It is up to us, as global citizens, to build on the success of the initiative and continue to work towards a better world for all.

In conclusion, the world is changing at an unprecedented pace, and predicting the future has become an essential obligation. The success of the World Government initiative, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, is proof that collaboration and vision can lead to transformative change. The initiative provides a platform for leaders to come together and work towards solutions that benefit everyone. Let's continue to build on its success and work towards a brighter future for all.

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