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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The UAE Approves 71 Economic Activities to Promote Sustainable Farming and Boost Economic Growth"

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UAE
 


The United Arab Emirates (UAE) has recently approved 71 economic activities to support sustainable farming in the country. This move is expected to enhance food security, promote innovation, and boost economic growth in the region.

The UAE government's decision to support sustainable farming practices is commendable. As the world's population continues to grow, ensuring food security is becoming increasingly important. The UAE's focus on sustainable agriculture practices can help ensure that the country's food supply remains stable in the face of potential challenges, such as climate change or other environmental factors.

Furthermore, the approval of these 71 economic activities is expected to boost income for farmers in the country. This is particularly important in rural areas, where farming is often a primary source of income for families. By supporting sustainable agriculture practices and promoting innovation, the UAE is helping to ensure that farmers have access to the tools and resources they need to thrive in today's economy.

In addition to its economic benefits, sustainable agriculture practices can also have a positive impact on the environment. By using more efficient irrigation techniques, reducing waste, and promoting biodiversity, sustainable farming practices can help mitigate the effects of climate change and protect natural resources.

The UAE's decision to approve these 71 economic activities demonstrates the country's commitment to achieving sustainable development goals. By supporting sustainable agriculture practices, the UAE is helping to create a more sustainable future for its citizens, while also setting an example for other countries to follow.

In conclusion, the UAE's move to approve 71 economic activities to support sustainable farming is a positive step towards achieving food security, promoting innovation, and boosting economic growth in the region. By focusing on sustainable agriculture practices, the UAE is demonstrating its commitment to creating a more sustainable future for all.

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