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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UAE and South Africa Offer to Host Peace Talks Between Ukraine and Russia to End Conflict

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UAE

The United Arab Emirates (UAE) has offered to host peace talks between Ukraine and Russia, facilitated by the Inter-Parliamentary Union, in an effort to end the ongoing conflict in the region. The offer was made in partnership with South Africa, and was announced by National Assembly speaker Nosiviwe Mapisa-Nqakula while presenting a report at the 146th General Assembly of the IPU in Manama, Bahrain.

This initiative is a significant step towards finding a peaceful resolution to the conflict that has caused much suffering and instability in the region. The UAE's willingness to take on this role as a mediator and facilitator of dialogue is a testament to its commitment to promoting peace and stability globally.

The Inter-Parliamentary Union is an international organization that brings together parliamentarians from around the world to work towards peace, democracy, and development. Its involvement in the peace talks highlights the importance of political dialogue and collaboration in resolving conflicts.

The offer to host the peace talks by the UAE and South Africa is a positive sign of hope for the people affected by the war in Ukraine and Russia. The conflict has had a devastating impact on the lives of civilians, and a peaceful resolution is urgently needed.

By offering to host the peace talks, the UAE is taking on an important role in the global effort to promote peace and stability. This initiative highlights the growing leadership role that the UAE is playing on the international stage, and its commitment to making a positive impact in the world.

Overall, the UAE's offer to host peace talks between Ukraine and Russia is a significant step towards finding a peaceful resolution to the conflict in the region. We hope that this initiative will lead to a lasting peace that brings much-needed relief to the people affected by the war.



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