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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India expects its exports to UAE reach $50 billion by 2026-2027

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UAE

A top government official in India predicted that due to the free trade agreement between the two nations, India's exports to the UAE will increase from their current $31.3 billion level to $50 billion by 2026–2027.

According to Sunil Barthwal, the secretary of commerce, trade between India and the UAE has increased dramatically since the Comprehensive Economic Partnership Agreement (CEPA) was put into effect on May 1 of last year.

Moreover, the greater utilization of a trade agreement between the two nations might also increase India's gold imports from the UAE, Barthwal noted.

Furthermore, in 2022–2023, India's exports to the UAE increased by 11.8% to $31.3 billion, while its imports increased by 18.8% to $53.2 billion.

The India-UAE CEPA, according to P Aqeel Ahmed, a former leader of India's Council for Leather Exports, is the "most effective one we have seen in recent times  

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