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 Joins UK's Agriculture Breakthrough Initiative for Sustainable Agriculture Practices and Conservation of Natural Resources

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The UAE is taking proactive steps towards sustainable agriculture practices by announcing its participation in the UK's Agriculture Breakthrough Initiative. The primary goal of this initiative is to promote sustainable agriculture practices that increase productivity while conserving natural resources and biodiversity.

Through innovative farming techniques and technology, the initiative aims to revolutionize global agriculture practices for a better future. The consequences of these achievements include increased agricultural productivity, improved livelihoods, conservation of natural resources, and biodiversity.

The UAE's participation in this initiative is a significant step towards achieving sustainable agriculture practices, addressing climate change and food security, and promoting a green economy. The move highlights the country's commitment to environmental sustainability and its efforts to take a leadership role in addressing one of the world's most pressing challenges.

We look forward to seeing the positive outcomes of this partnership and its potential impact on the region and the world. With collaborations like these, we can create a sustainable future for generations to come.

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