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,...

UAE Vice President meets Kyrgyzstan's Cabinet Chairman to strengthen bilateral relations and explore new avenues for cooperation.

 


H.H. Sheikh Mansour bin Zayed Al Nahyan, the Vice President of the United Arab Emirates (UAE), held a meeting today with Akylbek Japarov, the Chairman of the Cabinet of Ministers of Kyrgyzstan, at the Qasr Al Watan Palace in Abu Dhabi. The meeting was aimed at strengthening the close relations between the two countries and exploring new avenues for cooperation.

At the beginning of the meeting, H.H. Sheikh Mansour extended a warm welcome to the Prime Minister of Kyrgyzstan and his accompanying delegation, expressing the UAE's keen interest in deepening the friendly ties between the two countries. He emphasized the importance of building stronger economic, cultural, and political relations that would benefit both nations and their peoples.

The meeting was an opportunity for both leaders to discuss a wide range of issues of mutual interest, including trade, investment, and people-to-people exchanges. They also explored ways to enhance collaboration in sectors such as energy, infrastructure, tourism, and healthcare.

During the meeting, H.H. Sheikh Mansour highlighted the UAE's commitment towards promoting international cooperation and solidarity, and reiterated the country's support for Kyrgyzstan's development efforts. He praised the resilience and determination of the Kyrgyz people in overcoming the challenges posed by the COVID-19 pandemic.

The Prime Minister of Kyrgyzstan, on his part, expressed his appreciation for the UAE's hospitality and its efforts to strengthen bilateral ties. He highlighted the significant potential for cooperation between the two countries and thanked the UAE leadership for its support.

The meeting between H.H. Sheikh Mansour and Akylbek Japarov was a testament to the UAE's proactive approach towards building stronger relations with other countries. The UAE has been working towards strengthening ties with countries in Central Asia, and the meeting with the Kyrgyz Prime Minister is a reflection of this strategy.

The UAE's focus on building relations with other countries is an integral part of its foreign policy. By reaching out to Kyrgyzstan, the UAE is demonstrating its commitment towards fostering international cooperation and creating opportunities for mutual benefit.

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