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 President's Invitation to Yemeni Leader for COP28: A Significant Step towards Regional Cooperation and Environmental Action

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UAE President

The UAE President recently sent a written letter to the Chairman of Yemeni Presidential Council, inviting him to attend the upcoming Conference of Parties (COP28) to be held in the UAE. This invitation marks a significant step towards promoting regional cooperation and addressing global environmental issues.

The UAE has always been at the forefront of advocating for sustainable development and climate action. By inviting the Chairman of Yemeni Presidential Council to participate in COP28, the UAE President is demonstrating his country's commitment to promoting dialogue and cooperation between nations.

The invitation also reflects the UAE's commitment to promoting regional stability. Yemen has been facing a complex humanitarian crisis and political instability for several years, and the UAE's gesture towards inviting Yemeni leaders to participate in COP28 is a welcome step towards building bridges and fostering stronger relationships between the two countries.

Moreover, the invitation comes at a crucial time when the world is grappling with the challenges posed by climate change. The UAE President's invitation to Yemeni leaders for COP28 highlights the importance of collective action towards achieving sustainable development goals and addressing the pressing environmental concerns.

In conclusion, the UAE President's invitation to the Chairman of Yemeni Presidential Council for COP28 is a positive step towards promoting regional stability, addressing global environmental issues, and building stronger relationships between nations. It is a reminder that only through cooperation and dialogue can we achieve a sustainable future for all.

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