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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The UAE's Resilient Tourism Industry: Bouncing Back Stronger After COVID-19 Restrictions

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The United Arab Emirates has always been a popular destination for tourists from all over the world, with its stunning architecture, beautiful landscapes, and vibrant culture. However, the COVID-19 pandemic dealt a severe blow to the tourism sector, like many other industries around the globe. The UAE's tourism industry was no exception, but it has made a remarkable comeback since the easing of travel restrictions.

According to recent reports, the UAE's tourism sector witnessed a significant boost in spending, with a 70 percent increase in 2021 compared to the previous year. This increase in spending is a clear indication that the UAE's tourism industry is back on track and has regained the trust and confidence of travelers.

The UAE's tourism targets are ambitious, with the government aiming to attract 25 million visitors annually by 2025. The country has already taken several measures to achieve this goal, such as investing in infrastructure and promoting sustainable tourism practices. The UAE has also launched a visa program that allows visitors to stay for up to 90 days, making it easier for travelers to plan their trips.

Tourism is a key sector that brings significant investment and generates exceptional economic value. The UAE's tourism industry is no exception, with tourism contributing 11.5 percent to the country's GDP in 2019. The sector also provides employment opportunities for thousands of people and supports other industries such as hospitality, transportation, and retail.

In conclusion, the UAE's tourism sector has made a strong bounce back from the COVID pandemic, and it's clear that the government is committed to making the country a leading tourist destination. The sector's contribution to the country's economy and employment opportunities cannot be overstated. As the world recovers from the pandemic, the UAE's tourism industry is poised to play a crucial role in the country's growth and development.

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