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,...

UAE named the social media capital of the world

 

Social  Media

With a nearly perfect score of 9.55 out of 10, the UAE is now the social media capital of the world, with almost every person in the country holding a Facebook account.

According to Proxyrack, which offers proxies and residential VPN services, the UAE has the highest percentage of people with Facebook accounts, at over 100%.

In fact, based on the data of World Population Review, the study found there are more Facebook users registered there than the population of the country.

The Emirati citizens also have an average of 8.2 social media platforms, joint with the Philippines - and the third highest in the world.

Following the almost perfect score of the UAE are Malaysia and the Philippines, with both scoring 8.75, followed by Saudi Arabia at 8.41, Singapore at 7.96, Vietnam and Brazil at 7.62, Thailand at 7.61, Indonesia at 7.5, and Hong Kong at 7.27.

The Emirates is also now the world's most connected country, with a massive score of 7.53 out of 10, according to the study. Countries like Hong Kong, Malaysia, Saudi Arabia, Singapore, Argentina, and Taiwan follow next on the list.

However, the UAE didn't grab the top spot when it comes to the best internet access. It came fourth on the list, preceded by South Korea, Hong Kong, and Denmark.

The study further revealed that netizens in the UAE spend the 13th highest number of hours on the internet each day, amounting to an average of 7 hours and 29 minutes.

Nonetheless, internet usage has skyrocketed (if exaggerated) in the UAE and globally after the coronavirus pandemic, since more and more people started working from home and a greater number of businesses chose to make deals with clients virtually for its cost-efficiency.

South Africa topped the list concerning internet usage, recording an average use of 9 hours and 38 minutes each day.

 


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