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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.U.S. Secretary of State Blinken and UAE Foreign Minister Al Nahyan Discuss Promoting Peace in Yemen in Recent Phone Call

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UAE

In a recent phone call, U.S. Secretary of State Antony J. Blinken and UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan discussed a range of bilateral and regional issues, with a focus on promoting peace in Yemen.

One of the key takeaways from the conversation was Secretary Blinken's call for calm during the holiday season across the region. He emphasized the need to de-escalate tensions between Israelis and Palestinians, a longstanding issue that has caused strife and instability in the region for decades.

The Secretary also reiterated the U.S. commitment to a two-state solution, a framework that aims to resolve the Israeli-Palestinian conflict by creating an independent Palestinian state alongside Israel.

The discussion highlighted the importance of diplomacy and cooperation in promoting regional security, stability, and prosperity. The United States has long valued its partnership with the UAE and will continue to work closely with its partners to advance these shared goals.

Overall, the call between Secretary Blinken and Foreign Minister Sheikh Abdullah underscores the importance of engaging in constructive dialogue to address complex issues facing the region. By working together, the United States and the UAE can help promote peace and stability in the Middle East, and ensure a brighter future for all.

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