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's Non-Oil Business Activity Growth Bounces Back to Fastest Pace in 5 Months Survey Says

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Non-oil business activity growth in the United Arab Emirates (UAE) has bounced back to its fastest pace in five months, according to a business survey conducted in March. The survey showed that the non-oil sector in the UAE is recovering well from the impact of the pandemic, supported by new orders and the quickest jobs growth in almost seven years.

The rapid growth in non-oil business activity is a positive sign for the UAE's economy and businesses. The government's efforts to create a thriving business ecosystem are paying off, with the non-oil sector showing resilience and the ability to adapt to changing economic conditions.

The survey also revealed that the quick job growth in the non-oil sector is an indication of the country's commitment to promoting job creation and economic growth. This is great news for businesses and individuals looking to invest in the region.

Furthermore, the success of the UAE in reviving its non-oil sector is a testament to the country's ability to adapt to challenging economic conditions. The UAE has long been recognized as a global business hub, and the latest business survey shows that the country's economy is bouncing back faster than expected, making it an attractive destination for global businesses.

With new orders and jobs growth, the non-oil sector in the UAE is poised for continued growth. This is a promising sign for entrepreneurs and investors who are looking to invest in the region. The UAE's resilience, adaptability, and commitment to creating a business-friendly environment make it an ideal destination for businesses looking to expand their operations.

In conclusion, the bounce-back in non-oil business activity growth in the UAE is a positive development that underscores the country's ability to navigate challenging economic conditions. The government's efforts to create a thriving business ecosystem are paying off, and the UAE's commitment to promoting job creation and economic growth is evident in the survey results. With continued growth in the non-oil sector, the UAE is well on its way to becoming a global business hub.

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