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's Ties with UAE and Saudi Arabia: An Enormous Transformation

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UAE

India's diplomatic relations with the United Arab Emirates (UAE) and Saudi Arabia have witnessed a significant and transformative journey in recent years. The growing ties between these nations have not only strengthened economic and strategic partnerships but have also brought about immense social and cultural exchanges. This article explores the enormous transformation in India's relations with UAE and Saudi Arabia, highlighting the key areas of collaboration and the mutual benefits derived from these flourishing relationships.

Economic Growth and Trade: The economic ties between India, UAE, and Saudi Arabia have experienced remarkable growth, with bilateral trade reaching new heights. Both UAE and Saudi Arabia have emerged as important trade partners for India, with substantial investments flowing in various sectors. The energy sector, infrastructure development, and joint ventures have played a pivotal role in enhancing economic cooperation and facilitating job creation.

Strategic Partnerships: India's strategic engagement with UAE and Saudi Arabia has strengthened regional security and stability. The sharing of intelligence, defense collaborations, and counter-terrorism efforts have deepened mutual trust and contributed to the overall security framework. The strategic partnerships between these nations have paved the way for enhanced cooperation in defense technology, maritime security, and joint military exercises.

Cultural Exchanges and People-to-People Connections: India's cultural ties with UAE and Saudi Arabia have flourished, fostering greater understanding and appreciation of each other's traditions and heritage. The vibrant Indian diaspora in these countries has played a significant role in promoting cultural exchanges and building bridges between communities. Festivals, art exhibitions, and cultural events have become platforms for celebrating diversity and strengthening the bonds of friendship.

Technology and Innovation: The collaboration between India, UAE, and Saudi Arabia in the field of technology and innovation has opened up new avenues for growth and development. Information technology, research and development, and space exploration are areas where knowledge sharing and partnerships have accelerated progress

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